In the world financial related issues are very common in today’s world. Which may lead to court cases. In this article we will look into one such lawsuit named Kennedy Funding Lawsuit, we will read and know what is kennedy funding, about kennedy funding lawsuit and backstory of the lawsuit and much more about it.
What is Kennedy funding?
Kennedy function is a leading lending company based in the United states. It is specialized in providing bridge loans for commercial properties. It was started in 1987. They provide loans between 1 million USD to over 50 million USD. It operates in many countries like the USA, Canada, Europe, the Caribbean, and Central and South America. This company has a well-known history of fast and flexible funding.
Analysis Of Kennedy Funding Lawsuit
The Kennedy funding lawsuit controversy has been very famous in the past few months. It involves the allegations which were made on the funding company by the borrowers. Several different borrowers joined and filed a lawsuit against Kennedy funding.
Talking about the controversy, It started when borrowers went to court to file a lawsuit against the funding company named Kennedy funding. The borrowers claimed that the company has misguided them about the terms and conditions and also that the company didn’t fulfill their contractual responsibility.
Borrowers also accused the Kennedy funding as having provided wrong terms and conditions. Also, the funding company was unable to provide the required funds which they have promised. Kennedy funding lawsuit seeks compensation for their reputation damage caused due to the serious acquisition of the company.
Backstory of kennedy funding lawsuit
The main controversy started between two companies, one Kennedy Funding lawsuit himself and another was Magma Financial Inc. in which Kennedy was plaintiff and another was defendant. The main issue was between the terms and conditions related to the mislead of agreement between the companies.
The funding company has faced major allegations before this like Virgil Shelton has also alleged the funding company made a big difference in the financial transaction of the Arkansas cemetery deal.
Also, Individuals allegations on Kennedy funding of breach of contract and also of fraud, encroachment and lending practices. All the cases have gone under court trials.
Defense Of Kennedy Funding Lawsuit
Reasons Kennedy Funding has given against the allegations against them are listed below:
- All the borrowers were fully aware of the terms and conditions of the Kennedy funding. They also further added that all the terms and conditions were mentioned in their agreement.
- Funding company also claimed that all the losses to the individual were because of business challenges faced by them.
Strategies Used By Kennedy Funding To Win Lawsuit
Few of the key strategies applied by Kennedy funding for winning the lawsuit:
- Proper Documentation: The funding company collected all the documents which must be needed at the time of court cases or being used as evidence.
- Hiring the best legal team: The most important thing to win a court case is hiring the best legal team. While keeping the best team makes a plus point on your side. Which definitely helps in winning.
- Transparency: The funding company also used transparency as a hack. They shared all the details available with them and also asked a lot of questions.
Public Reaction On Kennedy Funding Lawsuit
There is no particular opinion of the public on the Kennedy funding. There are mixed opinions of the people. While some thought that it was a conspiracy against the funding company. While some groups of people thought that both the sites have their own valid points. Overall, there was no particular villain for the situation. People supported both the parties.
Known Controversies Of Lawsuit Against Kennedy Funding
Below are listed few of the famous controversies related to Kennedy Funding:
JM Realty Investments, LLC v. Kennedy Funding Inc. (2007)
In 2007 JM Realty Investments, filed a lawsuit against Kennedy. Allegation was that the funding company had hidden charges and had poor customer service. However, the case was dismissed by the court.
Shelton v. Kennedy Funding Inc. (2010)
In 2010 Virgil Shelton, filed a lawsuit against Kennedy funding in the allegation of having a huge amount of difference in financial transactions in the Arkansas cemetery deal.
Kennedy Funding, Inc. v. Greenwich Landing, LLC (2010)
In 2010, Another allegation was put on Kennedy Funding by Greenwich landing. In this deal the company signed a mortgage. Deal was quite complex and also involved several other parties.
Impact of Ripoff Reports On Kennedy Funding
The company may suffer in the form of financial loss as well as reputational loss due to the number of cases of fraud and mislead. Many of the clients may avoid taking the service of the Kennedy Foundation. Moreover, individuals who seek service by lending companies, may be scared to trust the Kennedy Funding.
Business working:
- Trust and financial industry: While working with anyone requires trust, Trust becomes the most important factor before running a business. Clients need to trust that the company is reliable.
- Impact of bad reviews: If you have bad reviews of your company it impacts the reputation and also leads to financial loss.
- Rebranding: It may not be easy for a company to regain trust and fix the image. Companies need to regain trust and convenience for their clients that they are fair, trustable and reliable.
Judicial and Financial Observation:
- Increase in Examination: As there are regular cases related to the Kennedy funding. So, it may lead to regular examinations by the government bodies.
- Correct the issue : Companies need to keep regular pressure on the issue that may be created on a regular basis. So, they gain the trust of clients.
- Need of Observation: As Kennedy funding has been under regular observation of the practices followed by the funding company. Also, it needs to be checked whether they are following all the legal and financial regulations.
Alternative Options of Kennedy Funding Lawsuit
There are different other lending financial companies. Kennedy Funding has been in controversy over the years. So, Let’s see a few other alternate options using which one can find the investment. Below are the mentioned list of alternate companies of Kennedy Funding:
| Name | Founding year | Location |
| Choice | 1992 | Mumbai |
| Northern Trust | 1889 | Chicago |
| Newtek | 1998 | New Hyde park |
| GE Capital | 1932 | Norwalk |
| Imperial PFS | 1977 | Kansas city |
| A10 Capital | 2007 | Boise |
| Comper Financial | 1916 | Sun Prairie |
| Academy Mortgage Corporation | 1988 | Draper |
| SLR Equipment Finance | 2006 | Wilton |
| CI Capital Partners | 1993 | New York city |
Final Thoughts
In Short, the Kennedy Funding lawsuit was famous in recent times. There has been controversy around the lending company. In this blog post we have read about the Kennedy funding, about the backstory of the lawsuit and strategies used by Kennedy funding and also the alternative options of Kennedy Funding.
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