GAW Miners Lawsuit Ends With $340k Default Judgement

NEWS
Stan Higgins
Aug 11, 2015 at 19:34 UTC  |  Updated  Aug 12, 2015 at 12:46 UTC

A Mississippi court has ruled in favor of a state electric utility in its case against defunct cryptocurrency mining company GAW Miners.

Mississippi Power Company (MPC) filed suit in April, alleging breach of contract after GAW Miners failed to pay for months of electrical provision as well as infrastructure installation. The utility initially sought $346,647.29 plus interest and court fees.

In a 10th August court order, US District Judge Keith Starrett granted MPC's request for default judgment. MPC is being represented by local law firm Balch & Bingham.

Starrett wrote:

"Plaintiff, Mississippi Power Company, shall have and recover from defendant, GAW Miners, LLC, judgment in the sum of Three Hundred Forty-Six Thousand Six Hundred Forty-Seven and 29/100 Dollars ($346,647.29) together with interest on said sum at the legal rate per annum from the date of judgment until paid in full and for all of which let execution issue."

GAW Miners and its CEO, Josh Garza, did not respond to the lawsuit, prompting the plaintiff to request a default judgment in June.

The company also failed to appear in a Connecticut civil case filed by two former GAW customers seeking to recoup losses related to its mining services and paycoin, an alternative cryptocurrency released by GAW late last year.

As a result, MPC said it will take action to collect on the judgement through continued litigation.

"GAW Miners failed to appear and respond to the lawsuit; therefore, Mississippi Power Company was awarded a judgment for all the damages it suffered.  We will promptly pursue collection of the judgment through the judicial process," the company told CoinDesk.

Representatives for GAW Miners and Josh Garza did not immediately respond to requests for comment.

The full court order can be found below:

GAW Miners Default Judgment by CoinDesk

Law image via Shutterstock

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LawGAW MinersMississippi Power Company