Who owns lease finance group llc

Primary Holding The trial court erred in enforcing the forum selection clause in favor of a New York forum where the clause includes a pre-dispute jury trial waiver, which is unenforceable under California law. Justia Legal Resources. Find a Lawyer. Law Students. US Federal Law. US State Law. The lawsuit further alleged that Northern Leasing abused the judicial process by suing to collect on these leases in the Civil Court of the City of New York.

Silver — as a co-petitioner in the proceeding — sought to vacate default judgments obtained by fraud, deception, or other improper means. Since , Northern Leasing and its related entities have filed tens of thousands of actions in New York County Civil Court and obtained over 29, default judgments.

Over 95 percent of the small business owners sued by Northern Leasing do not reside in New York State and could not afford to physically appear in New York or hire an attorney to represent them. Over 5, complaints have been filed by small business owners with the OAG since — one of the highest volume of complaints against any entity filed with the OAG. This ruling found that the OAG proved that Northern Leasing engaged in fraudulent and illegal conduct. Additionally, the court ordered a permanent injunction against respondents from conducting the business of equipment finance leasing or the collection of debts under equipment finance leases, and blocked them all from purchasing, financing, transferring, servicing, or enforcing equipment finance leases.

Defrauded small businesses from April 1, through the present will receive restitution and their contracts covering the same dates will be null and void. Further, respondents must disgorge unlawful profits and Northern Leasing must dissolve 60 days after the implementation of the previously mentioned relief.

Sussman, P. The court will set restitution amounts at a later date. Small business merchants do not need to take any action at this time in order to receive restitution or other relief.

Levine and Bureau Chief Jane M. Azia — all of the Consumer Frauds and Protection Bureau. Visit the Press Release Archive. The Office of Attorney General's website is provided in English. View Now. Team Accounts Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.

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