Articles by Nicholas P. Giuliano, Esq. and Christopher R. Murray, Esq.
The typical merchant cash advance contract contains language that prohibits the merchant from stacking multiple merchant cash advances. Some cash advance companies, however, induce merchants to stack. This is where the legal concept of “tortious interference with contract” comes in. Tortious interference places legal liability on a person who wrongfully causes another person to breach […]View Post
Madden v. Midland Funding, 2015 U.S. App. LEXIS 8483 (2nd Cir. May 22, 2015). This is an interesting case for the alternative lending industry that deals with the interplay between the National Banking Act and New York State’s usury laws. The plaintiff borrower opened a credit card account with a national bank, Bank of America […]View Post