Finance company claims Sports Car Leasing owes more than $20 million

By Jenie Mallari-Torres | Jan 10, 2019

PHILADELPHIA — A California corporation is suing Sports Car Leasing LLC, a wholesale broker of automobiles, citing alleged conversion.

Nissan Motor Acceptance Corp. filed a complaint on Dec. 18 in the U.S. District Court for the Eastern District of Pennsylvania against Sports Car Leasing LLC, alleging the wholesale broker of automobiles withheld funds received from the sale of vehicles.

According to the complaint, the plaintiff alleges it has suffered monetary injury and will continue to suffer injury if unable to recover the remaining 63 vehicles in the possession of the defendant as a result of defendant transferring and/or selling some 645 vehicles financed by the plaintiff without repaying purchase money financing at approximately $20 million.

The plaintiff holds Sports Car Leasing LLC responsible because the defendant allegedly failed to pay debt when due and failed to allow an audit of its financial records.

The plaintiff requests a trial by jury and seeks judgment against defendant, award right, title and possession of vehicles, injunctive and declaratory relief, compensatory and punitive damages, interest and costs of suit. They are represented by Matthew Lipman and Jessica Titler-Lingle of McElroy, Deutsch, Mulvaney & Carpenter LLP in Philadelphia.

The U.S. District Court for the Eastern District of Pennsylvania Case No. is 18-cv-05451.

Want to get notified whenever we write about Nissan ?

Sign-up Next time we write about Nissan, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story


More News

The Record Network