Roger Down, et al. v. Robert Ray Holcomb, et al.

Summary

The United States District Court for the Middle District of Florida entered final default judgment against Holcomb Power, LLC in favor of four plaintiffs. The court awarded total damages of $700,569.72, consisting of verified investment or loan amounts plus legal interest.

Holdings

1. Because Holcomb Power, LLC defaulted, the well-pleaded factual allegations in the complaint concerning that defendant were taken as true, and the defendant was bound by those established facts.
2. Final default judgment was properly entered against Holcomb Power, LLC for $147,352.73 in favor of the RHL Down Superannuation Fund, $294,705.46 in favor of the Tukibek Superannuation Fund, $182,811.06 in favor of Timtash Pty. Ltd., and $75,700.47 in favor of Roger Down.

Questions Presented

1. Whether final default judgment should be entered against Holcomb Power, LLC.
2. Whether plaintiffs' verified damages should be awarded in the amounts requested.

Disposition

other