BMO Bank N.A. v. Sim Transport LLC

CourtDistrict Court, D. Colorado
DecidedSeptember 11, 2025
Docket1:24-cv-01393
StatusUnknown

This text of BMO Bank N.A. v. Sim Transport LLC (BMO Bank N.A. v. Sim Transport LLC) is published on Counsel Stack Legal Research, covering District Court, D. Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
BMO Bank N.A. v. Sim Transport LLC, (D. Colo. 2025).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLORADO Chief Judge Philip A. Brimmer

Civil Action No. 24-cv-01393-PAB-NRN

BMO BANK N.A.,

Plaintiff,

v.

SIM TRANSPORT, LLC, SIM TRANSPORT, INC, and IVAN SKOREV,

Defendants.

ORDER

This matter comes before the Court on Plaintiff’s Motion for Summary Judgment [Docket No. 24]. Defendants did not respond to the motion. The Court has jurisdiction pursuant to 28 U.S.C. § 1332. I. BACKGROUND Plaintiff BMO Bank N.A. (“BMO”) filed this case on May 17, 2024 against defendants Sim Transport, LLC (“Sim LLC”), Sim Transport, Inc. (“Sim Inc.”), and Ivan Skorev. Docket No. 1 at 1. On June 10, 2024, defendants, represented by the same attorney, filed an answer to the complaint. Docket No. 5 at 1. On August 26, 2024, counsel for defendants filed an unopposed motion to withdraw as counsel. Docket No. 14. The motion to withdraw indicated that mail to the LLC and the corporation could be sent to an address in Fort Lupton, Colorado in care of Mr. Skorev. Id. at 3. The assigned magistrate judge scheduled a hearing on September 3, 2024 regarding the motion to withdraw and ordered that “a representative of the corporate Defendants to appear telephonically.” Docket No. 16. Mr. Skorev appeared at the hearing. Docket No. 17 at 1. The magistrate judge informed Mr. Skorev that corporate entities could not appear in federal court without

counsel and that, if Mr. Skorev failed to obtain counsel for the LLC and corporation defendants, plaintiff could move for default judgment against those defendants.1 In response to questions from the magistrate judge about Mr. Skorev’s intent to defend the case, Mr. Skorev provided non-committal answers regarding whether he would continue to defend the case. Mr. Skorev indicated that he was considering his available options. He said that it was possible that he might declare bankruptcy and might dissolve the corporate entities.2 The magistrate judge gave the corporate defendants until September 17, 2024 to obtain new counsel. Docket No. 17 at 1. No attorney has since appeared on the behalf of any of the three defendants.

On October 4, 2024, plaintiff filed a motion seeking to continue the scheduling conference set for October 11, 2024, stating that: Plaintiff is preparing a motion for summary judgment based on its own records, which are sufficient to prove Defendants’ liability on all counts. As such, Plaintiff believe[s] that the best use of the Court’s and the parties’ resources is to vacate and reset the scheduling conference while Plaintiff proceeds with summary judgment.

1 This colloquy from the hearing is not reflected in the minutes from the hearing, Docket No. 17, but the Court listened to a recording of the hearing. 2 The Court has not identified any ongoing bankruptcy proceedings involving any of the three defendants. Docket No. 18 at 2, ¶ 4. The magistrate judge granted the motion and directed plaintiff to file its motion for summary judgment on or before November 8, 2024. Docket No. 20. Plaintiff subsequently moved for an extension of time to file its motion for summary judgment, Docket No. 21, and the magistrate judge granted the motion. Docket No. 23. Plaintiff filed its motion for summary judgment on November 22, 2024. Docket No. 24.

As of the date of this order, none of the defendants has filed a response.3 Plaintiff seeks summary judgment on the first four counts of the complaint, Docket No. 24 at 15, each of which involves a different alleged breach of contract. See Docket No. 1 at 10-12. Since defendants did not respond to the motion for summary judgment, the Court considers all supported statements of undisputed fact in plaintiffs’ motion as true. See Reed v. Bennett, 312 F.3d 1190, 1195 (10th Cir. 2002) (“By failing to file a response within the time specified by the local rule, the nonmoving party waives the right to respond or to controvert the facts asserted in the summary judgment motion. The court should accept as true all material facts asserted and properly supported in

the summary judgment motion.”). II. UNDISPUTED FACTS A. Lease with Sim LLC On or about December 20, 2019, BMO Harris Bank National Association4 and Sim LLC entered into a Master Vehicle Lease Agreement, a TRAC Addendum to Master

3 The Local Rules state that “[u]nless otherwise ordered, a response [to a motion for summary judgment] shall be filed no later than 21 days after the date of service of the motion.” D.C.COLO.LCivR 56.1(a). 4 The motion for summary judgment states that, “[e]ffective September 3, 2023, Plaintiff adopted amended articles of association pursuant to which its corporate title was changed from ‘BMO Harris Bank National Association’ to ‘BMO Bank National Association.’” Docket No. 24 at 1 n.1. For simplicity, the Court will use only the term “plaintiff” throughout the remainder of this order. Vehicle Lease Agreement, and various collateral agreements (together, the “lease.”). Docket No. 24 at 3-4, ¶ 1. Plaintiff leased to Sim LLC the equipment described in the lease, and Sim LLC agreed to pay rent and other amounts to plaintiff pursuant to the terms of the lease. Id. Plaintiff maintains an ownership interest in the equipment described therein, including all attachments, accessions, accessories, replacement

parts, repairs and additions or substitutions thereto. Id. at 6, ¶ 6. Plaintiff has performed any and all conditions and obligations required of it under the lease. Id. at 9, ¶ 32.5 Under the terms of the lease, failure to make a payment when due is considered an event of default. Id. at 6, ¶ 9. Sim LLC failed to make the payment due on December 1, 2023 under the lease. Id. at 7, ¶ 14. Sim LLC’s default under the lease is continuing. Id. Due to Sim LLC’s default, and pursuant to the terms of the lease, plaintiff elected to cancel the lease effective, February 26, 2024. Id. at 8, ¶ 21. Upon cancellation of the lease, any rights of Sim LLC under the lease to possess or use the equipment6 were terminated. Id., ¶ 22.

Upon cancellation of the lease, all amounts to be paid under the lease became immediately due and owing. Id., ¶ 23. As of September 14, 2024, the amount due and

5 The exact language of this undisputed fact is “Plaintiff has performed any and all conditions and obligations required of it under the Agreements and Guaranties.” See Docket No. 24 at 9, ¶ 32. In another section of the undisputed facts section, plaintiff defines the term “agreements” to refer collectively to the lease with Sim LLC and the loans to Sim LLC and Sim Inc. Id. at 5, ¶ 5. For the sake of clarity, when the Court recites the undisputed facts regarding plaintiff’s performance under the agreements and guaranties, id. at 9, ¶ 32, or, regarding the fact that the failure to make a payment constitutes a default under the agreements, id. at 6, ¶ 9, the Court will use the term “lease,” “loan,” or “guaranty,” as relevant to the contract at issue. 6 The undisputed facts define “equipment” as the equipment described in the lease, “including all attachments, accessions, accessories, replacement parts, repairs and additions or substitutions thereto.” Docket No. 24 at 6, ¶ 6. owing by Sim LLC under the lease, after applying the proceeds of the sale of the equipment, see Section E, infra, not including attorneys’ fees and expenses or cost of collection, was $100,192.90, with interest accruing at a rate of $46.74 per day. Id. at 9, ¶ 33. B. Loans to Sim LLC

On or about March 27, 2020, plaintiff and Sim LLC entered into a Loan and Security Agreement (the “first LLC loan”). Id. at 4, ¶ 2.

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BMO Bank N.A. v. Sim Transport LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bmo-bank-na-v-sim-transport-llc-cod-2025.