LOS ANGELES — A New Jersey investment company is suing partners, alleged co-conspirators and a law firm, alleging breach of contract.
Fast Trak Investment Company, LLC filed a complaint July 5 in U.S. District Court for the Central District of California against Theresa and Stephen White of Clovis, California, Lawrence Moy, individually and as a partner of the Moy & Fernandez Law Group, et al., alleging the defendants failed its duty to use their best efforts to ensure that proceeds were fully paid, and that the intent of the agreement with the plaintiff was fulfilled.
According to the complaint, on April 2, 2013, the plaintiff and defendants entered into an assignment, sale, springing assignment and equitable lien agreement wherein the defendants became obligated to transfer a portion of any proceeds from the resolution of the action to plaintiff.
Fast Trak says it failed to receive payment under the agreement despite fully performing its obligations.
The plaintiff alleges the defendants failed to meet their obligations under the agreement, failed to inform plaintiff that the condition precedent had occurred and failed to meet the payment schedule set forth in the agreement, or make any payment at all despite the occurrence of the condition precedent.
Fast Trak Investment seeks trial by jury, payment of not less than $77,721.06, plus accruing fees, attorney fees, court costs, and all other legal and equitable relief. They are represented by attorney Kira A. Schlesinger of Schlesinger Conrad Law Firm in Phoenix.
U.S. District Court for the Central District of California case number 8:17-cv-01142-CJC-KES