LoanMe Sues Loan Service Contractor In Del. Superior Court – Law360
By Jeff Montgomery (June 13, 2022, 6:55 PM EDT) — California-based mostly shopper and small enterprise on-line lender LoanMe LLC has sued AmeriFirst House Enchancment Finance in Delaware’s Superior Courtroom, looking for hundreds of hundreds of dollars in damages Launched on by AmeriFirst’s alleged failures to stay As a lot as a mortgage servicing contract settlement.
The go well with, initially filed beneath seal Inside the court’s complicated enterprise litigation division, accused AmeriFirst of failing To current providers promised beneath contract, and described the contractor’s efficiency as “Suffering from ineffectiveness, mismanagement and repeated failures” to destayr on contract time durations.
LoanMe, which currents brief- and prolonged-time period private and enterprise mortgages, sought damages, collectively with lawyer costs, and indemnification for alleged settlement breaches…