Loan shark bites back!!! Dealer Services Corporation eliminates frivolous $189 Million Filed by failed used car dealer Michael Grissom.
Just another small business destroyed by an unlicensed lender.
On March 3, Dealer Services Corporation (DSC) successfully eliminated frivolous claims of 189 million dollars and a request for punitive damages filed by failed used car dealer Michael Grissom, who previously did business as American Family Auto.
When Riverside Judge Tranbarger asked DSC attorney Benjamin Griffin if SC was licensed, Griffin stated DSC is licensed to do business in California. It must have been a real hoot for Griffin to tell the partners at Prenovost, Normandin Bergh & Dawe what a great job he did in steering Judge Tranbarger away from the truth. Kudos to Griffin for making a mockery of the judicial system.
Plaintiff Michael Grissom borrowed approximately $200,000 from DSC in order to finance his inventory of used cars, but when his partnership with Alfred King failed, Grissom cynically turned against his partner, lenders, suppliers, and their employees, and filed suit in Riverside County Superior Court blaming everyone but himself.
DSC partnered with convicted felon Mark White and Dial Finance, both unlicensed, to use money from Grissoms credit line to pay off delinquent debts owed by Dial.
Benjamin Griffin might want to disclose to the court that DSC is suing Dial Finance in Indiana court.
The Court threw out four previous complaints filed by Grissom, as wholly insufficient, including his spurious claims of breach of fiduciary duty, breach of duty of loyalty, breach of the implied covenant of good faith and fair dealing, and conspiracy.in his final opportunity, the Court has allowed only claims for breach of contract and negligence, and disallowed his $189 million claim and his request for an award of punitive damages. More particularly, the Court found that there were no facts for Grissom to take to trial for unfair competition and lack of lenders license.
When Judge Tranbarger asked DSC attorney Benjamin Griffin if DSC was licensed, Griffin stated DSC is licensed to do business in California. It must have been real hoot telling the partners at Prenovost, Normandin Bergh & Dawe what a great job he did in steering the Honorable Judge Tranbarger away from the truth.
Indicative of his baseless claims, Grissom is on his third set of attorneys and his fifth complaint and now must defend against DSCs cross-complaint seeking recovery of $370,195.83 in treble damages, plus attorney fees and costs.
Its great that Indiana has no usury laws. Unfortunately for DSC, California courts have determined that if both the lender and borrower are in California, Indiana law does not apply.
Why use Indiana Courts when your loan was made in California? California courts arent much on unlicensed lenders collecting usurious interest and also awarding the loan shark treble damages.
DSC vigorously responds to claims by fly-by-night dealerships that borrow money, fail at their business, and attempt to blame DSC and others for their own shortcomings.
For further information contact Prenovost, Normandin Bergh & Dawe, a Professional Law Corporation, and (714) 547-2444.
Prenovost, Normandin Bergh & Dawe also represent Automotive Financial Corporation (AFC), another flooring lender. AFC only took SEVEN years to get a lenders license. For some odd reason, Automotive Finance Corporation used a new name for their old business. They called themselves AFC Cal, LLC. The question is, are the thousands of loans they did prior to obtaining their license in 2007 valid?
Now thats information that could be useful! So you might as well call Tom Roddy Normandin at Prenovost, Normandin Bergh & Dawe. (714) 547-2444.
And ask for the usury department.
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