In Class Action Filing, Exton Law Firm Argues Banks Preyed on Minorities

By

Robert N. Wilkey, lead counsel on the suit.
Robert N. Wilkey, lead counsel on the suit.

A Chester County law firm is turning the tables on a predatory lender and hunting it down on behalf of thousands of ethnic and minority business owners who’ve felt the crosshairs on the back of their necks.

Exton-based Wilkey Legal Consultants, together with Yun & Associates, just filed the class action lawsuit Korea Week, Inc. v. Got Capital, LLC, NLYH, LLC, and Capital Advance a/d/b/a Yalber, et.al. in the Philadelphia Court of Common Pleas.

The action, involving the largest class of its kind, takes aim at the H-Capital Advance band of companies’ cash advance business model, accused of being a predatory lending scheme aimed squarely at minority business owners.

Wilkey’s allegations against H-Capital run the gamut, from common law fraud to intentional and negligent misrepresentation; civil conspiracy; negligence; unjust enrichment; breach of contract; unfair trade practices; and breaking consumer protection laws as well as the Credit Services Act, Truth in Lending Act, good faith and fair lending standards, and state banking, loan interest and other financial protection laws.

These alleged violations have subjected potential class members to exorbitant fees, costs, interest rates, finance penalties and, most notably, harsh and onerous financial lending practices and extortion involving current and future receivables, which has caused such businesses loss of revenue, profits, reputation and goodwill.

Read more about the class action complaint at Wilkey’s new website, HCapitalClassAction.com, or email info@hcapitalclassaction.com for more information.

Tags:

Connect With Your Community

Subscribe to stay informed!

"*" indicates required fields

Hidden
VT Yes
This field is for validation purposes and should be left unchanged.
Advertisement
Creative Capital logo