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››Florida judge threatens to default in pursuit of missing escrow funds

Florida judge threatens to default in pursuit of missing escrow funds

By Russell Lanning
June 18, 2021
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Law360 (June 18, 2021, 6:27 p.m. EDT) – A federal judge in Florida threatened a payment service provider and its owner in default for failing to retain a lawyer in a lawsuit accusing them and a Florida law firm for keeping $ 178,000 supposed to be passed on as payment for international purchases from a Texas firm.

In an order issued Thursday, Fort Pierce U.S. District Judge Aileen M. Cannon gave Nexus Capital Management LLC and its principal, Michael J. Krantz, until June 28 to provide a written explanation for their no. -compliance with its previous order, or it will ask the plaintiff Global Resource Inc. to seek the default of a clerk ….

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