Case Number:
19LBCV00693
Hearing Date:
January 26, 2021
Dept:
S27
Background Facts
Plaintiff, Lex Funding, LLC filed this action against Defendants, FX Express, Inc. and Francisco Piche Morales for damages arising out of a series of contracts and guarantee agreements.
Plaintiff alleges Defendants entered into a series of Merchant Cash Advance agreements with Plaintiff, pursuant to which Defendants agreed to assign their future account receivables to Plaintiff.
Plaintiff alleges Defendants breached the agreements in a series of ways, including diverting funds to other accounts.
Prior Ruling
On 10/22/20, the Court heard Plaintiff’s motion for summary judgment and alternative motion for summary adjudication of unspecified issues.
The Court issued a tentative ruling denying the motion for summary judgment on the ground that Plaintiff failed to show it was entitled to summary judgment on each cause of action in the complaint; indeed, Plaintiff did not even a
Hearing Date
January 26, 2021
Type
Other Promissory Note/Collections Case (General Jurisdiction)
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Case Number:
19LBCV00693
Hearing Date:
January 26, 2021
Dept:
S27
Background Facts
Plaintiff, Lex Funding, LLC filed this action against Defendants, FX Express, Inc. and Francisco Piche Morales for damages arising out of a series of contracts and guarantee agreements.
Plaintiff alleges Defendants entered into a series of Merchant Cash Advance agreements with Plaintiff, pursuant to which Defendants agreed to assign their future account receivables to Plaintiff.
Plaintiff alleges Defendants breached the agreements in a series of ways, including diverting funds to other accounts.
Prior Ruling
On 10/22/20, the Court heard Plaintiff’s motion for summary judgment and alternative motion for summary adjudication of unspecified issues.
The Court issued a tentative ruling denying the motion for summary judgment on the ground that Plaintiff failed to show it was entitled to summary judgment on each cause of action in the complaint; indeed, Plaintiff did not even a