Pennsylvania Record

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Woman sues Clearwater 2008 Note Program Inc. over claims of unpaid interest

By Carrie Bradon | Dec 22, 2015


SCRANTON – A Centre Hall woman is suing an interest-bearing note corporation, alleging that she was not paid the interest owed to her.

Lois R. Rearick filed a complaint on Nov. 30 in the U.S. District Court for the Middle District of Pennsylvania against Clearwater 2008 Note Program Inc., alleging that she is owed more than $200,000.

According to the complaint, Rearick and her deceased husband were told about the Clearwater corporation and decided to buy notes in order to yield interest. They purchased the notes in October 2008 and, as per a signed agreement, were allegedly to receive 9 percent interest that would be paid off by December. The Clearwater 2008 Note Program failed to make all the payments to the plaintiff, the complaint states. Rearick is suing the corporation over the alleged failure to complete the agreed upon payments.

Rearick is seeking compensation of $273,900 for all lost funds as well as legal damages. She is represented by Joesph C. Corsack of the Mazza Law Group in State College.

U.S. District Court for the Middle District of Pennsylvania Case number 4:15-CV-02265

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Organizations in this Story

Mazza Law Group