Texas Judge Hands Berg & Androphy $4M Loss In Loan Fight

Law360 (April 16, 2019, 11:37 PM EDT) -- Texas and New York law firm Berg & Androphy and its name partner must cough up more than $4 million in a dispute with a Houston-based litigation finance firm over a $2 million loan, a Texas state judge found in a recent judgment.

The terms of that 2014 promissory note, issued by Virage Capital Partners, are indeed valid and enforceable, Harris County District Judge Caroline Baker ruled on April 8, and the firm and partner Joel Androphy are required to repay it. She found that Berg & Androphy had breached their contract with Virage by failing to do so and awarded...

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