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FAST TRAK INV. COMPANY, LLC v. SAX

No. 18-17270.

962 F.3d 455 (2020)

FAST TRAK INVESTMENT COMPANY, LLC, a Delaware limited liability company, Plaintiff-Appellee, v. Richard Philip SAX, individually and as principal for The Law Offices of Richard Sax; Law Offices of Richard Sax, a sole proprietorship, Defendants-Appellants.

United States Court of Appeals, Ninth Circuit.

Filed June 11, 2020.

Attorney(s) appearing for the Case

Richard Sax , Law Office of Richard Sax, Santa Rosa, California, for Defendants-Appellants.

Kira A. Schlesinger , Schlesinger Conrad PLLC, Phoenix, Arizona, for Plaintiff-Appellee.

Before: Richard A. Paez and Carlos T. Bea, Circuit Judges, and Janis Graham Jack, District Judge.

ORDER

This case asks us to determine whether a litigation funding agreement violates New York's usury laws. Richard Sax1 and Fast Trak Investment Co., LLC ("Fast Trak") entered a series of contracts in which Fast Trak agreed to fund lawsuits Sax brought as the attorney of record, in exchange for his and his clients' pledges of proceeds from those cases, as well as Sax's pledges of his attorney fees in unrelated cases. After Sax obtained...

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