Innovative FinTech company sets sights on new legal approach
with focus on securing a jury trial in its existing lawsuit
targeted towards Ms. Houri Vartanian
Simon, Mr. Ash Patel, and other members of the bank
LAS
VEGAS, Feb. 10, 2023 /PRNewswire-PRWeb/ -- Today,
National Merchants Association ("NMA" or "Plaintiff"), an
innovative FinTech company, pro-business advocate and payments
acquirer transforming the financial services industry, announced a
new suit filing and direction for its legal strategy against its
suit against Commercial Bank of California, a California chartered bank ("Defendant"). The
new case was recently filed in the Superior Court of California, Los
Angeles County, California, case number 22STCV29610 and
stems from a prior legal action that was dismissed without
prejudice (Los Angeles County,
California, case number 21STCV44674 and JAMS Reference No.
1210038694).
This shift in legal strategy is fueled by CBC's alleged illegal
and dishonest behavior as well as the alleged overarching tone of
bullying in the payments and finance industry, specifically
involving Ms. Houri Vartanian Simon,
Mr. Ash Patel, and other members of the bank.
"We've been able to demonstrate our ongoing case successfully,
however, after going through several weeks of depositions and
preparing for the trial, we are positive we have more to support
our existing case and legal approach," said Heather Altepeter, CEO, owner and founder of
National Merchants Association. "This case goes beyond the National
Merchants Association. I aim to put an end to the alleged toxicity,
bullying and harassment that encompasses this industry and network
of executives."
The current case against Commercial Bank of California is for for various alleged
violations, including:
- Breach of the Contract
- Rescission
- Intentional Interference with Prospective Economic
Relations
- Negligent Interference with Prospective Economic Relations
- Fraudulent Inducement Re the Amended and Restated Merchant
Marketing and Processing Agreement
- Conspiracy to Commit Fraud
- Fraudulent and Unfair Business Practices Pursuant to Business
& Professions Code Section 17200, et seq.
"In light of the new evidence obtained during discovery, we have
a much stronger case with this action, and can have a bigger,
industry-wide impact by setting our sights on the alleged anguish
and bullying the organization (CBC) condones," said James Huber, NMA's Attorney at Global Legal Law
Firm.
National Merchants Association will announce updates as existing
state court action proceeds. For questions or comments, email
pr@nationalmerchants.com. For more information on National
Merchants Association, visit NationalMerchants.com.
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About National Merchants Association (NMA)
National Merchants Association (NMA) is a powerhouse in the payment
processing industry and a merchant advocacy group that champions
for every merchant, regardless of their risk level, to ensure fair
and affordable electronic payment options for businesses of all
sizes. As a premier card-not-present service provider and trusted
partner to brick-and-mortar businesses across the globe for nearly
20 years, NMA has revolutionized the payment processing space by
creating a trusted and easy-to-use payment experience for
merchants, agents, referral partners and consumers. NMA has
achieved remarkable success since its inception – securing a spot
on the Inc. 5000 list of fastest-growing companies for three
consecutive years and landing partnerships that afford exclusive
access to innovative FinTech and payments solutions. For more
information about NMA, visit
https://www.nationalmerchants.com/NationalMerchants.com.
Media Contact
National Merchants Association, National Merchants Association,
1 619-507-5281, lindsey@palmerpublic.com
SOURCE National Merchants Association