We have represented dozens of public companies in both state and federal court complex financial litigation involving convertible promissory notes, merchant funding agreements, equity lines of credit, bogus 3(a)(10) transactions and Securities laws violations.  Most financial litigation stems from either improperly or ambiguously drafted funding instruments, contracts that contain unconscionable terms, violations of various state usury law statutes, violations of the Securities Act or federal and state RICO (Racketeering Influenced Corrupt Organization) by aggressive lenders that prey on and take advantage of underfunded and vulnerable businesses. While we believe that avoiding litigation is always a better course to pursue, sometimes litigation is the only way to resolve business conflicts.


Many of our clients defenses and cases are based on the lenders transactions being void under relevant state criminal usury statutes (New York, Texas, Florida, California, Massachusetts, etc....). These same state usury laws apply equally to bogus merchant finding agreement that are actually disguised loans.  Other violations by these funders is the requirement to register as a dealer under 15 U.S. Code §78o.  The Securities Act voids these transactions as to the violator (funder).


Our attorneys are experienced in these types of funding and securities litigation matters. 

The Basile Law Firm, P.C.

Main Telephone: 516-455-1500 

Dallas - New York - Naples


Disclaimer: This is New York, Texas and Florida Attorney Advertising. This website is designed for general information only.    The information presented in this site should not be construed to be formal legal advice, nor the formation of a lawyer/client relationship.

Prior results do not guarantee a similar outcome.

Privacy Policy

This Blog/Website is made available by the lawyer or law firm publisher for educational purposed only as well as to give you general information and a general understanding of the law, not to provide specific legal advice.  By using this blog and website, you understand that there is no attorney client relationship between you and the Blog/Website Publisher. This Blog/Website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.