Updates On Several Industry Court Cases
October 4, 2017
| By: deBanked Staff
Curious to know the status of industry court cases we’ve reported on? Here’s an update on several:
| Case | When filed | Where pending | Status |
| Yellowstone Capital LLC and EBF Partners, LLC v. Corporate Bailout, LLC, Mark D. Guidubaldi & Associates, LLC dba Protection Legal Group, PLG Servicing, LLC, American Funding Group, Coast to Coast Funding, LLC, ROC Funding Group, LLC, ROC South LLC, and Mark Mancino. | 9/27/17 | New York State Supreme Court | Complaint filed. No anwswer filed yet |
| Sean Pullen, Christina Cane, Michael Cane, Michael Carrera, Matthew Taylor, and Yulia Zamaora v Social Finance, Inc. and Does 1-50 | 8/14/17 | Superior Court of California | SoFi filed an answer to the complaint on 9/15 |
| Craig Cunningham v. Mark D. Guidubaldi & Associates, LLC dba Protection Legal Group, and Corporate Bailout, LLC, Sanford J. Feder Esq, Mark D. Guidubaldi, Esq, Cashflow Care, LLC | 5/10/17 | Northern District of Texas | Motion for default judgment filed against Corporate Bailout on 9/12/17. Defendant never responded |
| Natures Market Corp v. Creditors Relief | 4/28/17 | New York State Supreme Court | Creditors Relief’s motion to dismiss and sanctions are still pending |
| Pearl Gamma Funding, LLC and Pearl Beta Funding, LLC v. Creditors Relief, LLC | 11/16/16 | New York State Supreme Court | Pearl has moved to dismiss Creditors Relief’s counterclaims |
| United States v. Sergiy Bezrukov | 10/26/16 | Western District of New York | The criminal indictment was amended on 8/3/17 to add more charges. Bezrukov is facing up to 30 years in prison |
| Ronald Bethune, on behalf of himself and all others similarly situated v. Lendingclub Corporation;WebBank, Steel Partners Holdings, L.P.; The Lending Club Members Trust; and does 1 through 10, inclusive | 4/6/16 | Southern District of New York | The judge granted the defendants motion to compel arbitration on Jan 30, 2017 |
| Kalamata Capital LLC v. Biz2Credit, Inc. and Itria Ventures, LLC | 12/8/14 | New York State Supreme Court | Kalamata plans to amend the complaint and the Court is scheduled to decide on the debate over whether certain documents should be sealed from public view |
| Federal Trade Commission v. AMG Services, Inc., et al. | 4/2/12 | District of Nevada | $1.3 billion judgment entered. Company owner Scott Tucker is also currently being tried criminally in the Southern District of New York for ill-gotten profits related to his payday lending empire. The jury is expected to decide the outcome this month |
