District Court (Conn.) Addresses “Once-a-Holder/Always a Holder” under FTC Holder Rule
In Hernandez v. Apple Auto Wholesalers of Waterbury LLC, 2022 U.S. Dist. LEXIS 179567, No. 3:17-cv-1857 (VAB) (Sept. 30, 2022), the district court addressed whether a finance company who re-tendered the contract back to the dealer remained liable under the FTC Holder Rule. After referring the case to the Connecticut Supreme Court, the District Court followed the Supreme Court's ruling that… Read More