Results 1 to 25 of 37
Threaded View
-
10-19-2017, 05:15 PM #12
Reputation points: 12169
- Join Date
- Jul 2015
- Posts
- 168
Couple things to keep in mind on this case:
1) Tort laws rely on the UCC but are also very state by state. Each state court system will have different case law and potentially statutory issues dealing with proving a TI claim or a UCC claim. NY is virtually impossible to prove a TI claim in this space it seems for example.
2) Pearl will fight to the death here to defend its business model....expect this to take awhile in the court system...
3) The UCC claim. This could be the real real killer for stackers going forward. The court found here that Pearl and the Borrower likely colluded to interfere with Rapid's contract. It could very well shake out that senior UCC claimants will be able to collect from whatever the stackers collected once a merchant defaulted.
This is definitely the most interesting case to watch IMO.
Similar Threads
-
any fund a lawsuit?
By Sachip24 in forum Deal BinReplies: 2Last Post: 09-06-2017, 10:52 AM -
pearl lawsuit against mca debt settlement co
By mezumin in forum Merchant Cash AdvanceReplies: 3Last Post: 01-22-2017, 10:41 PM -
Pearl lawsuit
By channin19 in forum Merchant Cash AdvanceReplies: 13Last Post: 11-14-2016, 03:40 PM -
COJ Lawsuit
By Funder Mark in forum Merchant Cash AdvanceReplies: 26Last Post: 11-05-2015, 05:25 PM -
Important update
By Harrymetrix in forum PromotionsReplies: 0Last Post: 11-03-2015, 12:08 PM