Balance Payments, Inc. d/b/a Balance v. Thread Studio LLC

Background

Balance Payments, Inc. d/b/a Balance brought a breach-of-contract claim against Thread Studio LLC. Thread Studio did not appear in the case. The court considered Balance’s motion for entry of final default judgment, proof of service, a damages declaration, and an amended request for attorney’s fees.

Court’s Analysis

The court found that Balance had stated a breach-of-contract claim in its amended complaint. Because Thread Studio did not appear, it was treated as having admitted the complaint’s well-pleaded factual allegations. The court therefore entered a default judgment in favor of Balance.

The court awarded Balance $313,203.88 in monetary damages and $29,501.23 in prejudgment interest, for a total of $342,705.11, excluding applicable costs. The judgment amount was ordered to bear interest at 5.49% per year. The court also found that the parties’ agreements entitled the prevailing party to attorney’s fees for litigation enforcing the agreements. It found the requested hourly rates and hours reasonable and awarded Balance $12,942.50 in attorney’s fees and $1,210.49 in costs.

Disposition

The court entered final default judgment for Balance Payments, Inc. d/b/a Balance against Thread Studio LLC. It awarded the stated damages, prejudgment interest, attorney’s fees, and costs, and directed that execution issue immediately.