Federal prosecutors are turning their attention to lenders – especially start-up fintech companies – as they track fraud in the billions of dollars distributed by Congress during the pandemic. Investigators are examining whether lenders, in a hurry to secure emergency financing for business owners in the frantic early days of …Read More »
Monthly Archives: August 2021
The worst place to settle merchant cash advance disputes is out of state, so fix your contracts already!
Our previous article discussed the predictability of usury-related litigation involving Merchant Cash Advance Agreements (MCAs) with choice of law clauses from New York to New York, although we postulated that things would turn out to be. (a little) crazier. But New York is not the only forum in which MCA …Read More »
A New York state judge has ruled that a group of TriMark USA lenders may make an offer to unwind the food service provider’s $ 427 million pandemic refinancing program, which the plaintiffs claim would have dislodged a first place in the queue for reimbursement. The ruling, released on Monday, …Read More »
Hundreds of Atlanta law firms applied for PPP loans last year as the coronavirus pandemic disrupted jobs and legal budgets. And now it is clear that most of them have been forgiven. Of the at least 212 Atlanta law firms that applied for loans, about two-thirds (140 firms) had their …Read More »
A man sparked a furious debate over proper airline passenger etiquette when he showed a woman closing “her” blind. In a TikTok video, Gregory Hernandez @_iamgreg moaned “this lady keeps closing my window”. He then showed a woman with manicured fingernails reaching behind his seat to close his shade, causing …Read More »