Federal Trade Commission v. Payday Financial, LLC et al, No. 3:2011cv03017 - Document 131 (D.S.D. 2013)
Court Description: OPINION AND ORDER granting in part and denying in part 93 Motion for Summary Judgment. Signed by U. S. District Judge Roberto A. Lange on 9/30/13. (Attachments: # 1 Sealed footnotes) (SKK)
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UNITED STATES DISTRICT COURT DISTRICT OF SOUTH DAKOTA CENTRAL DIVISION CIV11-3017-RAL FEDERAL TRADE COMMISSION, SEALED FOOTNOTES TO OPINION AND ORDER Plaintiff, GRANTING IN PART AND DENYING IN PART vs- PAY DAY FINANCIAL LLC, et al., Defendants. * ^ Footnote 1 - High Country Ventures LLC had income only in one year, in which it both grossed andnetted $225,000 thatyear. Doc. 119-9at9. Red River Ventures LLC, likewise, had income only in one year and grossed and netted $225,000 tot year. Doc. 119-8 at 9. Any expenses associated wim me operation ofHighCountty Ventures LLC and Red River Ventures LLC were absorbed by some other entity or entities. PayDay Financial LLC as the sole member of those entities received $450,000-3225,000 from each entity- prior to the cancellation of the LLC status of those entities. Doc. 129 at 2. Footnote 2 - According to a document that the Defendants have Sled under seal, PayDay Financial LLC has transferred $4,079,257 to Webb Ranch LLC and DeKaKe Ranch LLC between January 4, 2011 and December 24, 2012, although $500,000 of that amount was transferred back. Doc. 129-2. Footnote 4 - According to a document that the Defendants have filed under seal, Management SystemsLLChasttansferred$7,733,000toWebbRanchLLCandDeKaKeRanchLLCbetween January 20,2011 and June 4, 2013. Doc. 129-2 at 2-3.
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