Rome LLP has filed a federal class action lawsuit against NAB-CW LLC (operating as CWA Merchant Services) and Merrick Bank Corporation.
The case, brought on behalf of Cordiota Inc. and a proposed nationwide class of similarly situated merchants, seeks to hold these entities accountable for assessing unauthorized and undisclosed Early Termination Fees (ETFs) in violation of both contractual terms and applicable card brand rules.
The complaint asserts that CWA Merchant Services and Merrick Bank systematically imposed ETFs on merchants without proper disclosure, including failing to include such fees in the mandatory “Fee Disclosure” section of their respective merchant processing agreements. In several cases the defendants withheld funds from merchants—sometimes in their entirety—without proper authority or prior notice.
The suit seeks both compensatory and punitive damages, as well as injunctive relief to bar ongoing enforcement of undisclosed fees. Rome LLP has a longstanding commitment to protecting merchants from bad actors in the payments space and is continuing its efforts to hold payment processors accountable when they violate industry rules and merchant rights.This lawsuit is part of the firm’s broader commitment to ensuring transparency, fairness, and accountability in the financial services industry.
Businesses that believe they may have been subjected to improperly charged ETFs or withheld funds are encouraged to contact Eugene Rome or Bradley O. Cebeci to learn more and speak with our experienced litigation team.
About Rome LLP
Based in Los Angeles, Rome LLP specializes in electronic payments litigation and complex business disputes nationwide. Eugene Rome and Bradley O. Cebeci alone have more than 30 years of combined experience litigating payment processing disputes. Rome LLP regularly represents “high-risk” merchants, sales agents, ISOs, payfacs, platforms, marketplaces, and acquirers, and routinely handles litigation and transactional matters on their behalf which traverse all aspects of payments law.
Contacts
Rome LLP
Eugene Rome, Esquire
[email protected]
(424) 544-3071
https://romellp.com/
Bradley O. Cebeci, Esquire
[email protected]
