The Villanos v. TD Bank, Matco Tools class action lawsuit

SUMMARY OF THE ACTION: 1. This case is about fraud an collusion between a franchise company and a bank and involved a scheme which caused significant economic injury to Plaintiffs and other individual SBA franchise loan borrowers and guarantors, as well as all American taxpayers…3. The scheme was participated in by both Matco and TD in order to take advantage of unsophisticated borrowers and guarantors such as the Plaintiffs in order to have them sign and enter into SBA loans that had an unreasonably high failure rate…84. Beginning in 1998…

The Villanos v. TD Bank, Matco Tools class action lawsuit

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MARKS & KLEIN, LLP
63 Riverside Avenue
Red Bank, NJ 07701
(732) 747-7100
Gerald A. Marks, Esq.
Attorneys for Plaintiffs

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY

DAVID B. Villano III, as borrower and all other individuals similarly situated, DAVID B. Villano, JR., as guarantor and all other Individuals similarly situated
Plaintiffs

vs.

TD BANK, formerly, COMMERCE BANK, NA, DANAHER CORPORATON and NMTC, INC., d/b/a MATCO TOOLS,
Ficticous banking entities XYZ COMPANIES I-20, and JOHN DOES, ficticous persons, I-100,
Defendants

VERIFIED COMPLAINT AND JURY DEMAND

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Risks: Able to finance and sell negative cash flow franchise on crooked appraisals, Liar Loans, Fraudulently inflated franchisee revenue figures, American Dream, Bank fraud, Bankruptcy was inevitable the moment the contract was signed, Bankruptcy, first the company and then you personally, Banks, Banks allegedly mastermind fraud, Banks collude, Broken relationships, ruined lives and alienated children, Churning (serial reselling), Class action lawsuits benefit lawyers, not franchisees, Class action only as good as the lawyers involved, Class-action lawsuits: lawyers take majority of risks & spoils, Clinical depression, Conspiracy, Company men, Conspiracy to commit fraud, Conspiracy to market and sell a doomed to failure franchise, Deceit, Fraud, Fraudster banker, Fraudster franchisor, Fraudulent misrepresentation, Government guaranteed loan program very attractive to fraud, Government guaranteed loans, Government guaranteed loans, massive loan defaults, Government guaranteed loans: program loses $1, franchisee families lose $10, House negro, Life savings gone, Loan pushing, Moral Hazard: a party insulated from risk behaves differently than if the full risk were present, No franchisor support, Nothing but cold calculation, Outright scam, Overstatement of sales and profits, Predatory franchise lending, Raining litigation, Resale or transfer store through franchisor to new franchisee, Resales (after termination) seen as a profit center, Symbiotic relationships (industry, banks, lawyers), TD Canada Trust, The game is rigged, Unsophisticated buyers, U.S. Small Business Administration, SBA, Why should we care? It's not our money. , United States, 20111114 villano td

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