Default Judgment Against MCA Company Vacated

A default judgment against a South Florida merchant cash advance company has been vacated, according to court records. 1st Global Capital fell victim to a mishap last November when they failed to a respond to a lawsuit defendant’s counterclaim of usury.

1st Global, who learned about it through a blog post, responded by filing a motion to set the judgment aside. On January 26th, however, the Court approved a settlement reached by both parties. A stipulation was that the judgment be vacated.

The case is now closed.