PHILADELPHIA – Massachusetts corporations allege that a Langhorne company engaged in unconscionable and unfair business practices.
NRO Boston LLC, North River Outfitters, NRO Sport LLC, NRO Edgartown LLC, Jason Indelicato and Alice Indelicato filed a complaint on Nov. 6 in the U.S. District Court for the Eastern District of Pennsylvania against Funding Metrics LLC, doing business as Quick Fix Capital; David W. Frascella Jr. and Larry D. Frascella alleging negligence and other counts.
According to the complaint, the plaintiffs allege that the defendants "engaged in an unlawful scheme" to induce plaintiffs to enter and/or personally guarantee loans that the defendants knew the plaintiffs could not pay off without subsequent loans.
The plaintiffs holds the defendants responsible because the defendants' loans to the plaintiffs were unfair and deceptive under Massachusetts law and the defendants allegedly misrepresented the nature of the loans' fees and make false representations with the intent to deceive.
The plaintiffs request a trial by jury and seek to order QFC to repay NRO all interest previously paid to QFC and other MCA companies in excess of 20 percent, prejudgment interest and any further relief this court grants. They are represented by Justin E. Proper and Shane R. Heskin of White and Williams LLP in Philadelphia.
U.S. District Court for the Eastern District of Pennsylvania case number 2:17-cv-05008-JCJ