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1
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COMPLAINT
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EXTRACTED KEY WORDS
CONTRACT BUSINESS VENTURE FTC ACT FINANCING CUSTOMERS VIOLATIONS DEFENDANTS COURT PRACTICES COMPLAINT FEDERAL TRADE COMMISSION RELIEF MASSACHUSETTS LEASE DECEPTIVE ACTS DISTRICT COURT UNITED STATES CONNECTION EQUITABLE RELIEF FINANCE CONTRACTS JURISDICTION INJUNCTIVE RELIEF PROVISIONS VIRTUAL TERMINALS BUSINESSES RESCISSION LEASECOMM CORPORATION FINANCING AGREEMENT POS MACHINE |
UNITED STATES DISTRICT COURT
DISTRICT OF MASSACHUSETTS
FEDERAL TRADE COMMISSION,
Plaintiff,
v.
LEASECOMM CORPORATION and
MICROFINANCIAL INCORPORATED, Defendants
CIVIL ACTION NO.
COMPLAINT FOR INJUNCTIVE AND
OTHER EQUITABLE RELIEF
Plaintiff, the Federal Trade Commission ("Commission"), by its
undersigned attorneys, alleges:
1. This is an action under Sections 13(b) and 19 of the Federal Trade
Commission Act ("FTC Act"), 15 U.S.C. §§ 53(b) and 57b, to secure
preliminary and permanent injunctive relief, including rescission of
contracts, cessation of collections and other equitable relief, for
defendants' unfair or deceptive acts or practices in violation of
Section 5(a) of the FTC Act, 15 U.S.C. § 45(a), and the Electronic
Funds Transfer Act, 15 U.S.C. § 1693k, in connection with financing of
business ventures and other items provided to individuals and small
businesses.
JURISDICTION AND VENUE
2. This Court has jurisdiction over this matter pursuant to 15 U.S.C.
§§ 45(a), 53(b), and 57b, and 28 U.S.C. §§ 1331, 1337(a), and 1345.
3. Venue is proper in the United States District Court for the
District of Massachusetts under 15 U.S.C. § 53(b) and 28 U.S.C.
§§ 1391(b) and (c).
PLAINTIFF
4. Plaintiff Federal Trade Commission is an independent agency of the
United States Government created by statute. 15 U.S.C. §§ 41-58. The
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2
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STIPULATED FINAL JUDGMENT
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EXTRACTED KEY WORDS
LEASECOMM JUDGEMENT COURT ENTRY FEDERAL TRADE COMMISSION CUSTOMER SUIT COMPLAINT FTC ACT LEASECOMM CORPORATION MASSACHUSETTS FINANCING CONTRACT PURSUANT PERMANENT PARAGRAPH UNITED STATES DISTRICT PROVISION PLAINTIFF PREJUDICE PREDOMINANT PURPOSE CREDIT REPORTING SBI ELECTRONIC FUNDS TRANSFER DEBT COLLECTION COMPLIANCE EMPLOYEES SBI PRODUCT |
UNITED STATES DISTRICT COURT
DISTRICT OF MASSACHUSETTS
FEDERAL TRADE COMMISSION,
Plaintiff,
v.
LEASECOMM CORPORATION and
MICROFINANCIAL INCORPORATED, Defendants
CIVIL ACTION NO.
STIPULATED FINAL JUDGMENT AND ORDER
Plaintiff, the Federal Trade Commission ("FTC" or "Commission"), filed
its complaint for a permanent injunction and other relief pursuant to
Sections 13(b) and 19 of the Federal Trade Commission Act ("FTC Act"),
15 U.S.C. §§ 53(b) and 57b, and the Electronic Funds Transfer Act
("EFTA"), 15 U.S.C. § 1693. The Commission and defendants, Leasecomm
Corporation and MicroFinancial Incorporated, have conferred through
counsel and agreed to settlement of this action without adjudication
of any issue of law or fact herein. This Order resolves all matters
arising from the allegations in the complaint. The Commission and
defendants consent to entry of this Stipulated Final Judgment and
Order ("Order").
THEREFORE, the Commission and defendants, having requested the Court
to enter this Order, it is ORDERED, ADJUDGED, AND DECREED as follows:
FINDINGS
1. This Court has jurisdiction over the subject matter of this case
and jurisdiction over the defendants. Venue in this district is
proper.
2. The complaint states a claim upon which relief may be granted
against defendants under Sections 5(a), 13(b), and 19 of the FTC Act,
15 U.S.C. §§ 45(a), 53(b), and 57b, and under the EFTA, 15 U.S.C.
§ 1693.
3. The activities of defendants described in the complaint are in or
SNIPPETS:
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