Flagstar Financial & Leasing, LLC f/k/a Signature Financial, LLC v. Run Roadlines, Inc. d/b/a Run Inc/RRI and Manpreet Randhawa

CourtDistrict Court, E.D. New York
DecidedMarch 10, 2026
Docket2:25-cv-00714
StatusUnknown

This text of Flagstar Financial & Leasing, LLC f/k/a Signature Financial, LLC v. Run Roadlines, Inc. d/b/a Run Inc/RRI and Manpreet Randhawa (Flagstar Financial & Leasing, LLC f/k/a Signature Financial, LLC v. Run Roadlines, Inc. d/b/a Run Inc/RRI and Manpreet Randhawa) is published on Counsel Stack Legal Research, covering District Court, E.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Flagstar Financial & Leasing, LLC f/k/a Signature Financial, LLC v. Run Roadlines, Inc. d/b/a Run Inc/RRI and Manpreet Randhawa, (E.D.N.Y. 2026).

Opinion

United States District Court Eastern District of New York

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FLAGSTAR FINANCIAL & LEASING, LLC f/k/a Signature Financial, LLC Memorandum and Order Plaintiff, No. 2:25-cv-00714 (KAM) - against - (SIL)

RUN ROADLINES, INC. d/b/a RUN INC/RRI, and MANPREET RANDHAWA,

Defendants.

Kiyo A. Matsumoto, United States District Judge:

Plaintiff Flagstar Financial & Leasing, LLC f/k/a Signature Financial, LLC (“Flagstar” or “Plaintiff”) brought this action against Run Roadlines, Inc. d/b/a Run Inc/RRI (“Roadlines”) and Manpreet Randhawa (“Randhawa”) (together with Roadlines, the “Defendants,” and together with Plaintiff, the “Parties”) alleging breach of contract, breach of guaranty, and replevin/possession of collateral. Plaintiff seeks monetary damages, pre-judgment interest, attorneys’ fees and costs, and replevin/possession of collateral. Upon Defendants’ failure to appear or otherwise defend this action, the Clerk of the Court entered a Certificate of Default pursuant to Federal Rule of Civil Procedure (“Rule”) 55(a). (ECF Nos. 9,17.) Plaintiff then filed a motion for entry of default judgment against Defendant Randhawa (ECF No. 14, the “Randhawa Mot,”) for breach of guaranty and replevin/possession of collateral, and Defendant Roadlines (ECF No. 19, the “Roadlines Mot.”, together with the Randhawa Mot. the “Motions”) for breach

of contract and replevin/possession of collateral. For the reasons stated herein, the Randhawa Mot. for default judgment as to breach of guaranty and the Roadlines Mot. for default judgment as to breach of contract is GRANTED as to liability. The Motions are DENIED as to replevin/possession of collateral and DENIED without prejudice to refiling as to damages, pre-judgment interest and attorneys’ fees. BACKGROUND The following facts are taken from Flagstar's Complaint, Flagstar's Motions, and the supporting memoranda, affidavits and attachments filed in support of Flagstar's Motions. Given Defendants’ default, the Court accepts as true all well-pleaded factual allegations in the Complaint to establish liability,

except as to damages, which requires Plaintiff to make an adequate evidentiary showing. See City of New York v. Mickalis Pawn Shop, LLC, 645 F.3d 114, 128-29, 137 (2d Cir. 2011). I. Factual Background Flagstar is a New York limited liability company principally based in Hicksville, New York of which Flagstar Bank, N.A., a national association with its main office in New York, is the sole member. (Compl. ¶ 4; ECF Nos. 21 ¶ 13(a), 21-2 ¶ 2, Ex. A.) Defendant Roadlines is a California corporation principally based in Elk Grove, California. (Compl. ¶ 5; ECF No. 21 ¶¶ 13(b), 14, Ex. A.) Defendant Mr. Randhawa is domiciled in California and is

the President of Roadlines. (Compl. ¶¶ 6-7; ECF No. 21 ¶ 13(c).) On June 18, 2021, Flagstar entered a financing arrangement as the Secured Party with Roadlines as the Debtor under which Flagstar would make certain loans and extensions of credit to Roadlines under the terms of each applicable note. (Compl. ¶ 8; ECF Nos. 14-12 and 19-12 (the “Agreement”) at 1.) To secure payment due under any note, Roadlines granted Flagstar a first position security interest in “[f]ifteen (15) Wabash National model DVCVHPC dry van trailers” and any proceeds arising from such equipment (the “Collateral”). (See Compl. ¶¶ 9, 11; Agreement § 1; ECF Nos. 14-14 and 19-14 (“Schedule A”).) On the same day, Roadlines executed a Promissory Note under

which Roadlines agreed to repay Flagstar $629,000.00 at an interest rate of 4.75% per year. (Compl. ¶ 8, 10; ECF Nos. 14-13 and 19-13 (the “Note”) § 2.) The Note set a repayment schedule split across forty-eight consecutive months, with the first payment due on July 20, 2021. (Compl. ¶ 10; Note § 3.) The same day, Mr. Randhawa executed a Continuing Guaranty under which Mr. Randhawa “absolutely and unconditionally” guaranteed full and prompt payment of Roadlines’ obligations under the Agreement and Note.1 (Compl. ¶¶ 14, 15; ECF No. 14-17, the “Guaranty.”) Upon an event of default, Flagstar may, inter alia, (1) cease

advancing money or extending credit; (2) declare the entire unpaid indebtedness of Roadlines to be immediately due and payable; (3) enter any premises of Roadlines, or any other party, with or without judicial process and take possession of any or all of the Collateral; and (4) dispose of the Collateral at a public or private sale. (Compl. ¶ 16; Agreement § 15.) Defendants also agreed to pay Flagstar’s attorneys’ fees and costs relating to the enforcement of Flagstar’s rights under the Agreement, Note, and Guaranty. (Compl. ¶ 17; Agreement § 21; Guaranty at 1.) Under the Note, any payment that remains unpaid 10 days after its due date is subject to a late charge of the greater of $25.00 or 5% of the delinquent payment, but not more than the highest

rate allowed by law (“Late Fees”). (Compl. ¶ 19; Note § 7.) In the event of default, an interest rate of six percent per year above the Note rate of 4.75%, 10.75%, applies to “the entire unpaid balance of principal and accrued interest.” (Compl. ¶ 20; Note § 8.)

1 Mr. Randhawa also signed both the Agreement and Note as the President of Roadlines. (Agreement at 6; Note at 4.) On June 18, 2021, Flagstar perfected its security interest in and to the Collateral by filing a UCC-1 financing statement with the Secretary of State of California. (Compl. ¶ 13; ECF No. 14-

16, 19-16) Flagstar alleges that Roadlines has failed to make monthly payments on the Note since September 2024. (Compl. ¶ 21.) II. Procedural History On February 7, 2025, Plaintiff commenced this action alleging breach of contract (Count 1) and replevin/possession of collateral (Count 3) against Roadlines and breach of guaranty (Count 2) and replevin/possession of collateral (Count 3) against Mr. Randhawa. (Compl. ¶¶ 23-41.) Plaintiff seeks damages, possession of the Collateral, and attorneys’ fees. (Compl. ¶¶ 1, 28-29, 32-33, 41.) On March 20, 2025, Plaintiff filed an affidavit of service stating that on February 28, 2025 “deponent served” the summons and complaint on a “Jane Doe” who "deponent... knew said individual

to be the Authorized Agent thereof an authorized person to accept service of process" for Roadlines. (ECF No. 5.) Plaintiff filed two affidavits of service regarding service on Mr. Randhawa. First, on March 26, 2025, Plaintiff filed an affidavit of service stating: (a) on March 15, 2025, a process server affixed a copy of the action and complaint to the door of 1326 Como Drive, Manteca, CA 95337 after calling multiple times, and after “server spoke with wife on 2/20/2025 . . . who confirmed residency;” and (b) on March 18, 2025, the server also mailed a copy of the summons and complaint to the 1326 Como Drive, Manteca, CA 95337 address (ECF No. 6.) Second, on May 2, 2025, Plaintiff filed an affidavit of

service stating that on April 11, 2025, Flagstar personally served Mr. Randhawa with a copy of the summons and complaint at the same address. (ECF No. 7.) On May 22, 2025, Flagstar filed a Request for Certificate of Default against Defendants. (ECF No. 8.) On May 27, 2025, the Clerk of the Court entered a certificate of default against Mr. Randhawa, (ECF No. 9), but denied Plaintiff’s request as to Roadlines, because “[i]t did not appear from the affidavit of service that proper service was effectuated as a ‘Jane Doe’ was served on behalf of [Roadlines],” (Dkt. Entry dated May 27, 2025.) On June 3, 2025, Plaintiff filed a letter arguing that Roadlines was properly served. (ECF No. 10.) On June 13, 2025, the Court

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Flagstar Financial & Leasing, LLC f/k/a Signature Financial, LLC v. Run Roadlines, Inc. d/b/a Run Inc/RRI and Manpreet Randhawa, Counsel Stack Legal Research, https://law.counselstack.com/opinion/flagstar-financial-leasing-llc-fka-signature-financial-llc-v-run-nyed-2026.