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  1. #1
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by Michael I View Post
    so it sounds like all these lawsuits are only if the deal defaults .is that correct ?
    What about id as a result of additional advances, the original funder is forced to lower the payments? Would that be considered tortious interference?

  2. #2
    Veteran Reputation points: 159120 J.Celifarco's Avatar
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    Quote Originally Posted by Funder Mark View Post
    What about id as a result of additional advances, the original funder is forced to lower the payments? Would that be considered tortious interference?
    I think this would also fall under it as well

    Quote Originally Posted by Funder Mark View Post
    Exactly my point. 'Enough' and 'Might' will not stop anyone. It would have to be public, from companies that openly sue, and then people will be scared off. It would have to be really obvious to really stop the stacking.
    definitely wont happen over night but I think these first cases and their outcomes will decide what happens moving forward.. If they get thrown out then the wild west shall continue. If there are damages depending on how severe will determine how other banks react.. Time will tell and until then we wait and see
    John Celifarco
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