National Merchants Association (NMA) Suit Against Commercial Bank of California Continues with Depositions, Gaining Confidence and Promising Outcome
LAS VEGAS, Nov. 14, 2022 /PRNewswire-PRWeb/ -- Today, National Merchants Association ("NMA" or "Plaintiff"), an innovative FinTech company, pro-business advocate and payments acquirer transforming the financial services industry, released an update about its ongoing suit against Commercial Bank of California, a California chartered bank ("Defendant"), in the Superior Court of California, Los Angeles County, California, case number 21STCV44674 and JAMS Reference No. 1210038694.
- As it currently stands, NMA is suing for $280M and is in the process of doing depositions with several individuals and entities involved in the case.
- "I'm fighting for our reputation and for all the other people that have been impacted by this circumstance.
- I feel as though it's been a David and Goliath situation," said Heather Altepeter, CEO, owner and founder of National Merchants Association.
- National Merchants Association will release milestone updates as the legal process proceeds.