CONFLICT OF INTEREST RATES - White and Williams filed a civil RICO lawsuit Tuesday in New York Southern District Court against Evan Marmott and his two merchant cash advance companies Yes Funding Services and Cap Call. The complaint, brought on behalf of FTE Networks and other companies, accuses the defendants of engaging in a scheme to defraud merchants of millions of dollars through deceptive “merchant agreements” which were actually loans that had to be repaid within a short time period at interest rates exceeding 1500%. Counsel have not yet appeared for the defendants. The case is 1:22-cv-02314, Lateral Recovery LLC et al v. Cap Call LLC et al. Stay up on the latest deals and litigation with the new Law.com Radar.
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UKRAINE’S HUMAN RIGHTS FIGHT - Quinn Emanuel Urquhart & Sullivan has been appointed counsel for Ukraine in inter-state proceedings against the Russian Federation at the European Court of Human Rights in Strasbourg, Law.com International’s James Carstensen reports. The firm is representing Ukraine pro bono. The action follows the success of Ukraine’s proceedings at the International Court of Justice, the United Nations’ highest court, which ordered Russia to cease its military operations immediately. Covington & Burling is representing Ukraine in those proceedings, which are ongoing. Ukraine initially sent a request on Feb. 28 to the ECHR, also referred to as the Strasbourg Court, seeking urgent interim measures in relation to “massive human rights violations being committed by the Russian troops in the course of the military aggression against the sovereign territory of Ukraine,” which the court granted. The court found that Russia’s military action against Ukraine “gives rise to a real and continuing risk of serious violations” of the civilian population’s rights under the European Convention on Human Rights. Both Ukraine and the Russian Federation are parties to that agreement. The Quinn Emanuel team is led by partners Alex Gerbi and Julianne Hughes Jennett.