New Jersey Attorney General Settles Lawsuit against Yellowstone Capital LLC,
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  1. 01-19-2023, 12:21 PM #1
    SmartAdvanced
    SmartAdvanced is offline
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    Quote Originally Posted by Yankeeman07 View Post
    https://www.jdsupra.com/legalnews/ne...ttles-9755027/


    Will there be more settlements involving other MCA funders - Time shall tell.
    So YS charged people over debits, got caught, and in the end is giving $5M to the state and moving on?

    Are any Merchants getting refunds or is the state keeping the money?
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  2. 01-19-2023, 12:36 PM #2
    Kevin Henry-Seacoast
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    Quote Originally Posted by SmartAdvanced View Post
    So YS charged people over debits, got caught, and in the end is giving $5M to the state and moving on?

    Are any Merchants getting refunds or is the state keeping the money?
    I believe the suit declares all outstanding MCAs must be forgiven unless I read the judgement wrong.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426
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