The Florida Record Jun. 20, 2016, 10:55am


JACKSONVILLE – A loan servicing company alleges a New Jersey company has intentionally blocked funds from it to force it to resolve unrelated litigation.

Loancare LLC filed a complaint on May 17 in the U.S. District Court for the Middle District of Florida, Jacksonville Division against Freedom Mortgage Corp. alleging fraud, conversion, tortious interference and constructive trust.

According to the complaint, the plaintiff alleges that as a direct result of the defendant's action, it has sustained damages in the amount of $23,832,042.03, plus consequential damages. The plaintiff holds Freedom Mortgage Corp. responsible because the defendant allegedly intentionally blocked plaintiff from more than $100 million of its funds, continues to wrongfully deny plaintiff possession of more than $20 million of those funds and intentionally interfered with plaintiff's valid business expectancies.

The plaintiff requests a trial by jury and seeks judgment in its favor for compensatory damages in an amount no less than $23,832,042.03, punitive damages and such other relief as the court deems fair and just. It is represented by John A. DeVault III and Courtney K. Grimm of Bedell, Dittmar, DeVault, Pillans & Coxe in Jacksonville and Stuart H. Singer and William T. Dzurilla of Boies, Schiller & Flexner LLP in Fort Lauderdale.

U.S. District Court for the Middle District of Florida, Jacksonville Division Case number 3:16-cv-00612

Want to get notified whenever we write about U.S. District Court for the Middle District of Florida, Jacksonville Division ?
Next time we write about U.S. District Court for the Middle District of Florida, Jacksonville Division, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

U.S. District Court for the Middle District of Florida, Jacksonville Division
300 North Hogan Street
Jacksonville, FL 32202

More News