ORDER Re: Second Motion for Entry of Stipulated Default Judgment [19]

RONALD S. W. LEW, District Judge.

On April 25, 2013, Plaintiffs Donald C. Bayer and Cabot Creekside 15, LLC ("Plaintiffs") filed the present Second Motion for Entry of Stipulated Default Judgment against Defendants Cabot Investment Properties, LLC; Cabot Creekside Acquisition, LLC; and Carlton P. Cabot ("Defendants") [19]. The Court, having reviewed all papers submitted pertaining to this Motion, NOW FINDS AND RULES AS FOLLOWS:

The Court hereby GRANTS Plaintiffs' Second Motion for Stipulated Default Judgment. The Court finds that Plaintiffs have satisfied all procedural requirements necessary under Central District Local Rule 55-1 for entry of default judgment. Specifically, the Court finds that the Clerk entered the default of Defendants on April 29, 2013. Defendants are not infants, incompetent persons, or in military service or otherwise exempted under the Soldiers' and Sailors' Civil Relief Act of 1940. And finally, Defendants did not appear in this Action.

Further, the Court finds that the substantive factors set forth in Eitel v. McCool, 782 F.2d 1470 (9th Cir. 1986), weigh in favor of granting default judgment.

THEREFORE, IT IS ORDERED that:

Default judgment shall be entered against Defendants Cabot Investment Properties, LLC; Cabot Creekside Acquisition, LLC; and Carlton P. Cabot. The Court enters default judgment against Defendants as follows:

1. The Court GRANTS Plaintiffs' request for damages in the amount of $1,000,000, as Plaintiffs and Defendants stipulated in their Settlement Agreement, signed in June 2012.

2. The Court also GRANTS Plaintiffs' request for pre-judgment and post-judgment interest, at the rate prescribed under 28 U.S.C. 1961.

IT IS SO ORDERED.