J.P. Morgan Chase Bank is suing a Madison County business and two Monroe County individuals over their alleged failures to make payments on vehicles.

The bank sued Delivery Logistics and James L. and Cindy L. Pepper over their failure to make payments on a 2006 Maserati 138 Grandsport Spyder Convertible and a 2006 Land Rover Range Rover.

In the complaint filed May 8 in Madison County Circuit Court, J.P. Morgan says that Delivery Logistics and Cindy L. Pepper entered into a lease agreement with Bentley St. Louis for the Maserati. After the agreement, Bentley St. Louis turned the lease over to J.P. Morgan.

"Under the terms of the Lease, the Defendants, Delivery Logistics, Inc. and Cindy L. Pepper, agreed to pay rental payments to Plaintiff, J.P. Morgan Chase Bank, in 39 monthly payments of $2,462.60 beginning September 22, 2006," the suit states.

On Dec. 16, 2006, Delivery Logistics and James L. Pepper entered into a sales contract with Plaza Motors Company to purchase a 2006 Land Rover Range Rover. After the contract, Plaza Motors Company turned the contract over to J.P. Morgan.

"Under the terms of the contract, the Defendants, Delivery Logistics, Inc. and James L. Pepper, agreed to monthly payments to Plaintiff, J.P. Morgan Chase Bank, in 60 monthly payments of $1,731.68 beginning on Jan. 30, 2007," the suit states.

However, Cindy L. Pepper, James L. Pepper and Delivery Logistics have not made a payment on the vehicles since before January, J.P. Morgan claims.

The Maserati payment was due on Jan. 22, and the Land Rover payment was due on Jan. 30, according to the complaint.

Even though J.P. Morgan has made demands on the defendants to pay the money, they still refuse.

Delivery Logistics and Cindy L. Pepper still owe $59,431.30 on the Maserati, the complaint says.

The fair market value of the Maserati is $89,500, according to the complaint.

Delivery Logistics and James L. Pepper still owe $54,866.97 on the Land Rover, according to court records.

The fair market value of the Land Rover is $35,150, the suit states.

In the four-count suit, J.P. Morgan is asking the court to grant possession of the vehicles to the bank or to enter a judgment to the bank in the value of the cars. It is also seeking the amount of money still owed on the cars and $6,000 for wrongful detention of the vehicles, plus court costs, attorney's fees and other relief the court deems just.

Darren L. Besic of Batavia will be representing the bank.

Madison County Circuit Court case number: 09-L-479.

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