Legal Question in Business Law in California

equipment leasing & finance

I have an equipment and leasing co. we send our clients app. and financial documents to banks for approval. recently we lost the deal due to bank direcly dealing with our client behind our back , and cut us off the deal, by offering a better rate to the client. Do we have a legal ground to pusue this matter. thanks


Asked on 8/25/07, 4:32 pm

2 Answers from Attorneys
Gregg Gittler GITTLER & BRADFORD

Re: equipment leasing & finance

You may very well have a claim for interference with advantageous economic relationship. It may depend on the facts involved (i.e., did your customer independently contact the bank as well as to you?) Also, what is your deal with the bank?

Naturally, we cannot offer a legal opinion or definitive advice without being retained and fully informed of the facts. Feel free to call us.

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Answered on 8/27/07, 12:52 pm
Terry A. Nelson Nelson & Lawless

Re: equipment leasing & finance

depends upon your contract with the bank. Does its terms protect you from such conduct? If not, you could make a claim against the bank if you don't mind risking loss of all future business. Tough choice. Feel free to contact me if you want to take legal action, or attempt a negotiated 'truce' with the bank.

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Answered on 8/25/07, 4:46 pm


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