Business and Finance
Source: (remove) : Philadelphia Inquirer
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Business and Finance
Source: (remove) : Philadelphia Inquirer
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Mazzoni Center settled litigation with New York firms over high-cost payroll financing last year


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Published in Business and Finance on Monday, May 12th 2025 at 8:40 GMT by   Print publication without navigation

  • Terms of the settlements were not disclosed. Mazzoni owed about $1 million.

The Mazzoni Center, a Philadelphia-based health clinic focused on the LGBTQ community, has settled a lawsuit against LCF and Fundkite, two litigation funding companies, for $1.5 million. The settlement comes after the center accused the companies of predatory lending practices, charging high interest rates and fees on advances meant to help the center during financial difficulties. The lawsuit claimed that these practices led to a cycle of debt for the Mazzoni Center, which was already struggling due to the economic impacts of the COVID-19 pandemic. The settlement will help the center stabilize its finances and continue providing essential health services to the community.

Read the Full Philadelphia Inquirer Article at:
[ https://www.inquirer.com/health/mazzoni-center-settlement-lawsuits-lcf-fundkite-20250512.html ]