LG Finacial Consultants v. Lawyers Funding Group

CourtSuperior Court of Pennsylvania
DecidedSeptember 8, 2022
Docket717 EDA 2021
StatusUnpublished

This text of LG Finacial Consultants v. Lawyers Funding Group (LG Finacial Consultants v. Lawyers Funding Group) is published on Counsel Stack Legal Research, covering Superior Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
LG Finacial Consultants v. Lawyers Funding Group, (Pa. Ct. App. 2022).

Opinion

J-A20032-22

NON-PRECEDENTIAL DECISION - SEE SUPERIOR COURT I.O.P. 65.37

LG FINANCIAL CONSULTANTS, INC. : IN THE SUPERIOR COURT OF : PENNSYLVANIA : v. : : : LAWYERS FUNDING GROUP, LLC : AND ALAN R. ZIBELMAN, ESQUIRE : : No. 717 EDA 2021 Appellant :

Appeal from the Judgment Entered October 16, 2020 In the Court of Common Pleas of Philadelphia County Civil Division at No(s): No: 181002188

BEFORE: STABILE, J., McCAFFERY, J., and PELLEGRINI, J.*

MEMORANDUM BY PELLEGRINI, J.: FILED SEPTEMBER 08, 2022

Lawyers Funding Group, LLC and Alan R. Zibelman, Esquire (collectively,

Lawyers Funding) appeal from the judgment1 entered in favor of L.G. Financial

Consultants, Inc. (LG) in the Court of Common Pleas of Philadelphia County

(trial court). After a hearing, a judgment was entered against Lawyers

Funding for $63,003.50, which included $40,000.00 in principal, plus interest

and attorneys’ fees.

____________________________________________

* Retired Senior Judge assigned to the Superior Court.

1 Lawyers Funding purports to appeal from the March 2, 2021 order denying their post-trial motions. However, an appeal lies from the judgment, not from the order denying post-trial motions. See Jackson v. Kassab, 812 A.2d 1233 n.1 (Pa. Super. 2002), appeal denied, 825 A.2d 1261 (Pa. 2003). We have amended the caption accordingly. See id. J-A20032-22

On appeal, Lawyers Funding argues that the court erred in assessing

damages where the loan service agent lacked standing and was unable to

provide evidence of the loan balance and in granting summary judgment as

to liability, improperly shifting the burden of proof. Discerning that its

arguments have no merit, we affirm.

I.

We take the following factual background and procedural history from

the trial court’s October 16, 2020, March 2, 2021, and January 19, 2022

opinions and our independent review of the record.

A.

Lawyers Funding is a law firm and Zibelman is its managing member.

Kenneth Rubin (Rubin) became the director of operations of Lawyers Funding

in 2012 and is responsible for maintaining its books. LG is a commercial lender

to small businesses, particularly attorneys and law firms. Rodney Green is

the principal and original owner of LG, and his son, Anthony P. Green, became

an owner in 2018. GFCIB Advisors (GFCIB) became the servicing agent for

LG in 2016, and H. Jack Miller (Miller) is its managing member.

On April 9, 2009, LG made a $100,000.00 loan (the Loan) to Lawyers

Funding, which was evidenced by a Confession of Judgment Promissory Note

(the Note). On April 14, 2009, Lawyers Funding executed and delivered a

Loan Agreement and Guaranty of Payment as security for the Loan.

-2- J-A20032-22

The parties entered into seven Loan Modification Agreements through

June 13, 2013, with Lawyers Funding borrowing additional money each time.

The final Loan Modification Agreement, memorialized in Loan Modification #9,

was entered on April 1, 2013, and Lawyers Funding borrowed $250,000. The

term of Loan Modification #9 was five years (which extended the maturity

date to March 31, 2018), with payments of $4,000.00 per month and a two

percent default rate of interest. All other terms and conditions of the original

April 14, 2009 Note remained in full force and effect, including a confession of

judgment provision that provided for attorneys’ fees in the amount of

whichever is greater of twenty percent of the unpaid principal at the time of

judgment or $2,000.00, plus expenses and costs of suit. From the inception

of the Loan relationship, the lender-creditor relationship and Lawyers Funding

payment history were both good.

B.

In approximately July or August 2016, Rodney Green retained the

services of GFCIB, commercial lenders and servicers of commercial real

estate, to act as the servicing agent for certain loans within the LG portfolio,

including that of Lawyers Funding, effective September 1, 2016.

Administering and servicing the Loan included collecting loan payments,

disbursing payments to LG, workout and legal matters.

Miller has been the managing member of GFCIB since 2011 and is

responsible for new funding of loans and servicing of existing loans. LG

-3- J-A20032-22

provided Miller with all documents related to Lawyers Funding, including

copies of loan documents, modifications, payment history and

correspondence. The servicing agreement required written consent from the

owner, at that time identified as LG and other entities controlled by Rodney

Green, to commence litigation.

Rodney Green, on behalf of LG, sent a letter to all clients on August 11,

2016, advising them that he was retiring and that they were to remit all future

payments to GFCIB. On August 29, 2016, GFCIB sent correspondence to all

LG clients, including Lawyers Funding, to advise that they were now

administering the loan and that, beginning September 2016, all payments

should be sent to them. Although the GFCIB August 29, 2016 correspondence

included the September 2016 invoice, the letter advised that GFCIB would not

be mailing monthly invoices. After Lawyers Funding refused to make monthly

payments without receiving invoices, GFCIB provided some of them, but

generally, Lawyers Funding was required to calculate interest due each month.

On April 1, 2018, LG and GFCIB entered into an amendment to the

servicing agreement because “the Parties desire to continue with the

Agreement for an additional term of two (2) years effective 01 March 2018.”

(Exhibit P-2, Amendment to Loan Service Agreement, 4/01/18, at 1). The

amendment further provides, in pertinent part, that:

1. The term of this Agreement shall begin on the Effective Date (i.e. March 1, 2018) and end on the second anniversary of the Effective Date (the “Term”), unless sooner terminated in accordance with Section 5, below. After the end of the Term, this

-4- J-A20032-22

Agreement shall be renewable upon the written agreement of the Parties.

* * *

3. OWNER as specified in the executed AGREEMENT is amended to include [LG], The RODNEY H. GREEN TRUST and other entities controlled by RODNEY H. GREEN, ANTHONY P. GREEN, JESSE K. GREEN (“OWNERs”);

5. This AGREEMENT will be automatically renewed subject to a sixty-day notification from any party of their intent to withdraw from this AGREEMENT.

(Id. at ¶¶ 1, 3, 5).

It is undisputed that GFCIB and LG did not issue a sixty-day notice of

intent to withdraw from the servicing agreement pursuant to Paragraph 5.

C.

In August, September and December 2017, Lawyers Funding admittedly

failed to pay on the Loan. (See N.T., 153); (Exhibit D-23, Vendor Quick

Report).2 The last payment was made on December 6, 2017, with no

payments made in 2018. (See N.T., 52-53, 159-60); (Exhibit P-3, Account

History as of July 31, 2020).

On October 16, 2018, LG, through GFCIB, confessed judgment against

Lawyers Funding for $93,280.28 for its breach of the Loan by failure to make

2 (See also Exhibit C to Lawyers Funding’s November 1, 2019 Response to the Motion for Summary Judgment).

-5- J-A20032-22

payment. Lawyers Funding filed a petition to strike or open the confessed

judgment on November 21, 2018. The petition did not dispute that Lawyers

Funding executed the Loan documents or that it defaulted, but stated that

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Diener Brick Co. v. Mastro Masonry Contractor
885 A.2d 1034 (Superior Court of Pennsylvania, 2005)
Ragnar Benson, Inc. v. HEMPFIELD TOWNSHIP MUNICIPAL AUTHORITY
916 A.2d 1183 (Superior Court of Pennsylvania, 2007)
Pittsburgh Construction Co. v. Griffith
834 A.2d 572 (Superior Court of Pennsylvania, 2003)
Jackson v. Kassab
812 A.2d 1233 (Superior Court of Pennsylvania, 2002)
Schuenemann v. Dreemz, LLC
34 A.3d 94 (Superior Court of Pennsylvania, 2011)
S.G. v. J.M.G.
186 A.3d 995 (Superior Court of Pennsylvania, 2018)
PCS Chadaga v. Torres, A. & L.
2021 Pa. Super. 84 (Superior Court of Pennsylvania, 2021)
Milshteyn, P. v. Fitness International, LLC
2022 Pa. Super. 30 (Superior Court of Pennsylvania, 2022)

Cite This Page — Counsel Stack

Bluebook (online)
LG Finacial Consultants v. Lawyers Funding Group, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lg-finacial-consultants-v-lawyers-funding-group-pasuperct-2022.