[staten]

Anyone know about this lawsuit filed by dealstruck. Suing 6-7 lenders for stacking. Yes-6 companies stacked their deal.

[BB_Cooper]

Any clue what state it was filed in?

[Chambo]

I saw one of them....against NTC Financial

[Michael I]

the best part is it is against 'A" lenders that are trying to sue stackers . I cant stop laughing about the irony of it

[mcaguru]

I have list of A paper Companies Stacking the list keeps growing

[Mmarano]

This is gonna be good. I'll prep my pop corn now.

Anyone know about this lawsuit filed by dealstruck. Suing 6-7 lenders for stacking. Yes-6 companies stacked their deal.

[isaacdstern]

can someone post a link to the lawsuit

[channin19]

Florida southern district court

[staten]

Florida southern district court

California

Plaintiff, MyBusinessLoan.com, LLC (“Plaintiff” or “Lender”), hereby sues Defendants,
Fora Financial Business Loans, LLC (“Fora Financial”), Funding Metrics LLC (“Funding
Metrics”), New Era Lending LLC (“New Era Lending”), Richmond Capital Group, LLC
(“Richmond Capital”), and Pearl Beta Funding, LLC (“Pearl Beta Funding”) (individually, each a
“Defendant” and, collectively, “Defendants”), and alleges:

[Chambo]

Fora Stacks? Well, guess you learn something new everyday

[Zach]

Pretty gutsy move by Dealstruck

[Mmarano]

They been stacking forever now..

Now go get your shine BOX!!!!!!!!!

Fora Stacks? Well, guess you learn something new everyday

[mcaguru]

I bet you the other First position shops are not happy about it, what happens to the industry when this gets thrown out like a dirty diaper left in a car in death valley on a real hot day with clear sinusus.

[isaacdstern]

I guess you have been away for a while, I don't really do that anymore......

They been stacking forever now..

Now go get your shine BOX!!!!!!!!!

[Mmarano]

They didn't send anybody up there to tell ya..

I guess you have been away for a while, I don't really do that anymore......

[fundgorilla]

"Y'know, we sued SIX different funders, and only got two pages of comments on DF? I was told this was supposed to send shock waves through the industry! Fire and brimstone coming down from the skies! Rivers and seas boiling! Forty years of darkness! Earthquakes, volcanoes...The dead rising from the grave! Human sacrifice, dogs and cats living together... mass hysteria!"


This is a clear PR move....but perhaps they'll get damages too....or at least the attorneys will.

[Jared_Weitz]

I've studied a lot on this topic, I've read Pepper Hamilton's numerous views on it too, Dealstruck will have a tough time winning this one (I think)

[Mmarano]

More than think.. You're Correct. They'll lose.

I've studied a lot on this topic, I've read Pepper Hamilton's numerous views on it too, Dealstruck will have a tough time winning this one (I think)

[mcaguru]

Can someone logically break down the merits of Suing a company that happens to advance capital to a merchant that already has other liabilities. (such as a cash advance)...

[Jared_Weitz]

Can someone logically break down the merits of Suing a company that happens to advance capital to a merchant that already has other liabilities. (such as a cash advance)...

Someone will say torturous interference which will be VERY tough to play out in court. I've read cases where it's really not as cut and dry and one would think. Like I said I really think they will have a tough time against these funders making it stick.

[mcaguru]

Someone will say torturous interference which will be VERY tough to play out in court. I've read cases where it's really not as cut and dry and one would think. Like I said I really think they will have a tough time against these funders making it stick.

Guys lets stop the BS I saw a Sign in Sprint Phone Store saying bring in your ATT phone bill and will beat your plan!! (again, Ill repeat a large sign in the store not some rep whispering in someones ears!!)...

[Jared_Weitz]

Agree with you here man

[FUNd]

http://debanked.com/2015/10/legal-br...tria-ventures/

[funded]

Mike sweets I love it

[staten]

Likely they filed due to a high default rate. A startup does not incur this type of expense unless basically forced to so (a prudent one anyway). I imagine funding circle's is off the charts as well as lending club. There's a reason you don't give 3 year terms to SMEs.

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