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Appeals Court Affirms Dismissal of Antitrust, False Advertising Claims Brought by One Factoring Company Against Another

Appeals Court Affirms Dismissal of Antitrust, False Advertising Claims Brought by One Factoring Company Against Another

A federal court of appeals affirmed the dismissal of factoring company’s lawsuit against another factoring company over practices that allegedly violated antitrust, false advertising and other unfair trade practices. The Ninth Circuit Court of Appeals last week affirmed the decision by the U.S. District Court for the Central District of California to dismiss the complaint filed by Novation Ventures, LLC, against J.G. Wentworth and affiliated companies, including Peachtree Financial. About Novation’s antitrust claims, the Ninth Circuit said in Novation Ventures…

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Novation’s Complaint Failed to State Antitrust Claim Against J.G. Wentworth Companies, Says Federal Court

Novation’s Complaint Failed to State Antitrust Claim Against J.G. Wentworth Companies, Says Federal Court

A federal district court judge this month dismissed an antitrust lawsuit filed by a structured settlement factoring company against a competitor factoring company. In a May 18, 2015, opinion in Novation Ventures, LLC v. The J.G. Wentworth Co., LLC, et al., Case No. 2:15-cv-00954-BRO-PJW (C.D. Calif. May 18, 2015), U.S. District Court Judge Beverly Reid O’Connell granted defendant J.G. Wentworth Company, LLC’s motion to dismiss the lawsuit filed by Novation Ventures, LLC, on the grounds that Novation had failed to state antitrust…

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