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GAW Miners Lawsuit Ends With $340k Default Judgement

A Mississippi court has ordered a judgment of default in favor of a state electric utility in its case against GAW Miners.

Aug 11, 2015 at 6:34 p.m. UTC
Updated Sep 11, 2021 at 11:49 a.m. 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:

Law image via Shutterstock

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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