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Federal Deposit Insurance Corporation, As Receiver For Downey Savings and Loan Association, F.A v. Money Line America

UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA -- WESTERN DIVISION


November 27, 2012

FEDERAL DEPOSIT INSURANCE CORPORATION, AS RECEIVER FOR DOWNEY SAVINGS AND LOAN ASSOCIATION, F.A., PLAINTIFF,
v.
MONEY LINE AMERICA, A CALIFORNIA CORPORATION, SHAHIM S. RITTER, AN INDIVIDUAL; ET AL., DEFENDANTS.

The opinion of the court was delivered by: Dolly M. Gee United States District Judge

JUDGMENT UPON STIPULATION AGAINST DEFENDANT, SHAHIM S. RITTER, AN INDIVIDUAL [135]

The Court, having read and considered the Stipulation for Entry of Judgment ("Stipulation") in favor of Plaintiff, FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Downey Savings and Loan Association, F.A. ("FDIC-R") and against Defendant SHAHIM S. RITTER, an individual; and Having considered also the ex parte application of the FDIC-R and the Declaration of Jean C. Wilcox filed in support wherein the Defendant's default in payments under the Stipulation is established; and Finding that good cause exists therefor,

IT IS HEREBY ORDERED that judgment in the above-captioned action shall be entered in favor of the Plaintiff, FEDERAL DEPOSIT INSURANCE CORORATION, as Receiver for Downey Savings and Loan Association, F.A. against the Defendant, SHAHIM S. RITTER, an individual, in the principal sum of Fifty Thousand No/100 Dollars ($50,000.00 USD). This judgment is entered with respect to all of the claims and/or counts that are alleged in the complaint against SHAHIM S. RITTER, and, by the terms of the Stipulation, at ¶ 4.7, the judgment is not dischargeable under 11 U.S.C § 523 (a)(2)(A).

20121127

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