SHERMAN – Navistar is suing a Louisiana transportation company, alleging it owes more than $1 million the defendant defaulted on.
Navistar Financial Corp. filed a lawsuit Jan. 21 in the Sherman Division of the Eastern District of Texas against BJG Logistics LLC of Shreveport, Louisiana, and Bobby J. Gorman, alleging breach of contract and breach of guaranty.
According to the complaint, on Nov. 21, 2011, BJG, through Gorman, executed a loan and security agreement for $1,040,000 with total interest and charges in the amount of $132,441.12. The lawsuit states, BJG defaulted under the terms of the loan.
On Aug. 31, 2015, BJG acknowledged it was in default and proposed to modify the terms of the loan to facilitate repayment, the suit states. Shortly after entering into the loan modification, according to the lawsuit, BJG defaulted on his payment obligations.
Navistar Financial seeks all sums due them from BJG Logistics and Gorman. It is represented by attorneys Michael Ridulfo and John J. Kane of Kane Russell Coleman & Logan PC in Houston.
Sherman Division of the Eastern District of Texas Case number 4:16-cv-00067-RC