Remcoda, LLC v. Ridge Hill Trading LTD

Background

Remcoda, LLC brought the action against Ridge Hill Trading (PTY) Ltd. and Ataraxia Capital Partners PTY Ltd. The action began with the filing of a summons and complaint on February 3, 2021. The opinion states that both defendants were served on May 21, 2021, under an order authorizing alternative service. A proof of service was filed on May 24, 2021.

The defendants failed to appear through counsel, which the judgment states violated the court’s orders dated August 21, 2023, and September 14, 2023. The judgment does not describe an adversarial trial or other merits-based testing of Remcoda’s claims.

Ruling

The court entered default judgment for Remcoda against Ridge Hill Trading and Ataraxia Capital Partners, jointly and severally, in the amount of $3,756,914. Joint and several liability means the judgment imposed responsibility on both defendants for the stated judgment amount.

The judgment awarded prejudgment interest at 9% per year from July 31, 2020, through the date of judgment. The court stated that the contract required New York law to apply and that Remcoda’s breach-of-contract claim accrued when the defendants failed to deliver gloves on July 31, 2020, as promised. The court also ordered that post-judgment interest accrue from the judgment date as provided by 28 U.S.C. § 1961.

Disposition and Classification

Judge Edgardo Ramos entered default judgment against Ridge Hill Trading (PTY) Ltd. and Ataraxia Capital Partners PTY Ltd. Because the judgment followed the defendants’ nonappearance and did not resolve the claim through adversarial merits review, the opinion is classified as a procedural order.