Former property boss fights £ 7million Crowdfunder lawsuit

By Lucia Osborne-Crowley (Oct 18, 2021, 4:08 p.m. BST) – The head of a real estate company facing a £ 7million ($ 9.6million) lawsuit from a former crowdfunder for unpaid loans has argued that he should not crowdfund the overdue amounts on loans and sued the company for allegedly misrepresenting its services.

Anthony Canning told the High Court in a defense filed Wednesday that he was not required to pay peer-to-peer mortgage lender Lendy Ltd. the unpaid amounts of two loans of £ 1.3million and £ 5million because the crowdfunder was not a party to the loan agreement.

Canning told the court that the nature of the peer-to-peer lending – which operates on the basis of …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!


Source link


About Author

Leave A Reply