Articles by Mark T. Dabertin, Special Counsel at Pepper Hamilton LLP

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District Court Offers Guidance on Merchant Cash Advances in Precedent-Setting Decision

June 6, 2017

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On May 9, in Colonial Funding Network, Inc. v. Epazz, Inc., the U.S. District Court for the Southern District of New York dismissed counterclaims alleging the overcharging of interest and the affirmative of usury. The decision is the first federal case to recognize that a contractual relationship establishing a bona fide merchant cash advance (MCA) […]

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