BMO Bank N.A. v. Gattani
- Paul Engelmayer
- 1:24-cv-06897
- U.S. District Court · Southern District of New York
- 2
In BMO Bank N.A. v. Prateek Gattani, Judge Engelmayer awarded BMO $10.55 million plus fees and post-judgment interest.
BMO Bank N.A. may collect the stated damages, fees, and post-judgment interest from Prateek Gattani.
What happened
BMO Bank N.A. v. Prateek Gattani involved BMO’s request for damages after the court had entered default judgment against Gattani on liability. A magistrate judge recommended awarding BMO $10,550,000 for breach-of-contract damages and fees, plus post-judgment interest.
Neither party objected to the magistrate judge’s recommendation. The court reviewed the recommendation for clear error and found none.
Judge Engelmayer adopted the recommendation in full. The court held that BMO could collect $10,550,000 in breach-of-contract damages plus fees and post-judgment interest, directed the clerk to close the case, and denied permission to appeal without paying filing fees.
The detailed version
- BMO Bank N.A. v. Gattani · No. 1:24-cv-06897
- Paul Engelmayer
- Sept. 22, 2025
Background
The court had previously entered default judgment against Prateek Gattani on liability. It then referred the case to Magistrate Judge Henry J. Ricardo for an inquest—an evidentiary process to determine the amount of damages. Judge Ricardo recommended that BMO Bank N.A. receive $10,550,000 in breach-of-contract damages plus fees, as well as interest accruing after judgment under 28 U.S.C. § 1961.
Review of the Recommendation
Because neither party filed objections, Judge Engelmayer reviewed the recommendation for clear error, meaning an obvious mistake on the face of the record. The court found no such error and adopted Judge Ricardo’s Report and Recommendation in its entirety.
Disposition
The court held that BMO was entitled to collect from Gattani $10,550,000 in breach-of-contract damages plus fees, together with post-judgment interest on that amount. The clerk was directed to mail BMO a copy of the decision and close the case. The court stated that the lack of objections precluded appellate review, declined to issue a certificate of appealability, and certified that any appeal would not be taken in good faith; it therefore denied permission to appeal without paying filing fees.
Classification Note
This is classified as a procedural order because the damages ruling followed a default judgment, which the classification rules treat as procedural rather than as an adversarial merits determination.
Read the full 2-page opinion on CourtListener, the free public archive maintained by the Free Law Project.