SOLANA BEACH, Calif.--(BUSINESS WIRE)--About the Case. On February 2, 2022, Peter Voutsas and Peter Marco, LLC, (“Plaintiffs”) sued Bank of America, N.A., First Data Merchant Services, LLC, and Banc of America Merchant Services, LLC, (“Defendants”) in the Beverly Hills Courthouse. The 28-page complaint alleges, among other causes of action, Fraud, Intentional Breach of Merchant Processing Agreement, Gross Negligence, and violations against California Business and Professions Codes.
The complaint, drafted by Global partners James Huber and Christopher Dryden, further details how Defendants assessed unreasonable fees of nearly $100,000.00, and held over $300,000.00 in funds that were due to Peter Marco, LLC, without any justification.
Though Plaintiffs were the victims of fraud, Defendants terminated credit card processing services that caused grievous harm to Plaintiff’s business and livelihood. Defendant’s bad faith actions have damaged Plaintiff in the amount of at least $8,000,000.00.
The lawsuit details many violations that Defendants failed in their duties of care. Instead of protecting the merchant from fraudulent charges, the Defendants have punished the victim of the fraud, Peter Voutsas.
About Global Legal Law Firm. Based in Southern California, Global Legal has specialized in electronic payments litigation, both locally and across the nation, since 2008. Global’s skilled attorneys have established themselves as complex litigation experts, representing ISOs, agents, merchants, processors, card brands, and helping merchants get off the MATCH list and winning their reserve fund disputes. Global Legal Law Firm: Expert Payments Attorneys.