Ga. Family Resurrects Fraud Suit Against US Troop Loan Biz

By Brett Barrouquere (March 23, 2021, 4:26 PM EDT) -- The Georgia Court of Appeals on Tuesday revived a lawsuit by a family who invested $600,000 in a company that makes high-interest loans to active military personnel, saying there are questions about whether the owner of General Finance Inc. misrepresented the company's financial situation.

In allowing fraud claims to move ahead against GFI owner Sabetay Palatchi, the appeals court also said the same claims cannot be pursued against his wife and co-defendant Jennifer Gold-Palatchi because there's no evidence she made any comments about the company's financial status.

The decision means David, Sydnei and Sylvia Rubenstein, all of whom made investments in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!