Live Oak Banking Company v. Butler et al, No. 1:2017cv00719 - Document 20 (N.D. Ohio 2018)

Court Description: Memorandum Opinion and Order. The Motion for Summary Judgment filed by Plaintiff, Live Oak Banking Company (Docket # 16 ) is hereby GRANTED IN PART. Pursuant to the express terms of the Loan and Guarantee, Live Oak is entitled to payment of principal in the amount of $942,946.99; interest in the amount of $81,022.27; late charges in the amount of $6,669.87, and reasonable attorney fees. The Court reserves ruling on the issue of life insurance premiums pending additional documentation from Live Oak. Live Oak shall have 10 days within which to file a brief and supporting affidavit/documentation regarding the reasonableness of the attorney fees requested and its entitlement to paid life insurance premiums. Defendants shall have 10 days thereafter to respond. Related document 16 . Judge Donald C. Nugent on 8/10/2018. (M,S)