Suit Against Commercial Bank of California for Its Deceptive Business Practices
- December 15, 2021
A version of this article originally appeared in the Business Wire, December 15th 2021. See the original post here.
Global Legal Law Firm, for National Merchants Association, Files Suit Against Commercial Bank of California for Its Deceptive Business Practices, Mistreatment of Its Processing Partners, and Its Grossly Negligent Misuse of Merchant Reserve Funds
Plaintiff seeks full restitution, compensatory damages, monetary judgment, punitive damages, and all other available remedies against Defendant
December 15, 2021 03:38 PM Eastern Standard Time
SOLANA BEACH, Calif.–(BUSINESS WIRE)–Global Legal Law Firm, as counsel for its clients, National Merchants Association, Inc., a California corporation, announced that it has filed suit against Commercial Bank of California, a California chartered bank.
About the Case
On December 8, 2021, National Merchants Association, Inc., a California corporation, (“NMA” or “Plaintiff”) filed a seven-count suit against Commercial Bank of California, a California chartered bank, in the Superior Court of California, Los Angeles County, California, case number 21STCV44674, for, among other state and federal violations, breach of written agreement, breach of covenant of good faith and fair dealing, unjust enrichment, and unfair business practices (the “Complaint”).
In the Complaint, the Plaintiff maintains that the Defendant, among other issues, grossly and negligently mishandled Plaintiff’s funds and confidential information, engaged in deceptive business practices to the severe detriment of NMA, and wrongfully withholding funds and fees owed to NMA.
This is likely the first of many such actions against the mismanaged bank.
Christopher R. Dryden and James C. Huber, Global Legal Law Firm partners, announced the filing of the Complaint and initiation of the legal proceedings.
About Global Legal Law Firm. Based in Southern California, Global has specialized in electronic payments litigation, both locally and across the nation, since 2008. Global’s expert payments attorneys have established themselves as complex litigation experts representing ISOs, agents, merchants, processors, card brands, and in the realm of commercial collections. If it involves e-payments, Global performs for you.
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