A federal bankruptcy court judge in Miami issued an order Tuesday allowing a class-action case to proceed by granting class certification on behalf of over 3,400 investors seeking the recovery of their investments from a merchant cash advance company that is accused of running a fraudulent scheme that cost investors nearly $340 million.

Sarah Foster has been certified as the class representative for the investors and the Moskowitz Law Firm has been certified as class counsel in the adversary proceeding pending before Judge Robert A. Mark in the U.S. Bankruptcy Court for the Southern District of Florida.  The adversary proceeding was filed in the chapter 11 bankruptcy case of 1 Global Capital against defendants Carl Ruderman, Kopelowitz Ostrow P.A., and Dale Ledbetter.

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