Following what the court termed “egregious” discovery violations over the course of two years, a federal judge has granted default judgment to a financial services company.
The firm, Northstar Financial Cos., had sued Horizon Financial Network and its owner, James Nocerino, after Northstar’s purchase of Horizon soured. Northstar alleged that after the acquisition, Nocerino failed to turn over revenue that he was obligated to under the agreement since it came from client-related assets.
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