Conclusion: Default judgment affirmed. (UPDATED)

The Fifth Circuit affirmed a default judgment against the Elephant Group when it “agree[d] with the district court that neither claimed defense suffices. The presentation of meritorious defenses requires ‘definite factual allegations, as opposed to mere legal conclusions.’ Legal conclusions were all that were presented.” Tango Marine v. Elephant Group, No. 21-10068 (Dec. 5, 2021) (citations omitted) (On rehearing in 2022, the Court withdrew this opinion.)