Canon Financial Services Sues Copyinc Corporation for Breach of Contract.

Toner News Mobile Forums Toner News Main Forums Canon Financial Services Sues Copyinc Corporation for Breach of Contract.

Date: Tuesday February 13, 2024 03:03:49 pm | Views: 133
  • This topic is empty.
Viewing 1 post (of 1 total)
  • Author
    Posts

  • toner
    Keymaster

    Canon Financial Services Sues Copyinc Corporation for Breach of Contract.
    A civil lawsuit between two companies in the printing industry is pending in the Superior Court of California, County of Los Angeles. The case is Canon Financial Services, Inc. vs. Copyinc Corporation, and it involves a dispute over the payment for leased equipment and services.

    Canon Financial Services, Inc. (CFS) is a company that provides financing for Canon products, such as printers and copiers. Copyinc Corporation (Copyinc) is a company that sells and services office equipment. According to the complaint filed by CFS, Copyinc entered into several lease agreements with CFS to obtain Canon equipment and services for its customers. However, CFS alleges that Copyinc failed to pay the monthly installments and other charges due under the lease agreements, resulting in a breach of contract. CFS claims that it suffered damages of more than $1.5 million, and seeks to recover them from Copyinc, along with interest, costs, and attorney fees.

    Copyinc denies the allegations and asserts several affirmative defenses, such as waiver, estoppel, accord and satisfaction, and failure of consideration. Copyinc also filed a cross-complaint against CFS, alleging that CFS breached the implied covenant of good faith and fair dealing, interfered with Copyinc’s contractual relations, and engaged in unfair business practices. Copyinc seeks damages, declaratory relief, injunctive relief, and attorney fees from CFS.

    The case was assigned to Judge Mark V. Mooney, who has been on the bench since 2007. Judge Mooney has a reputation for being fair and efficient, and has handled similar cases involving contract disputes, breach of warranty, and fraud. According to Trellis, a platform that allows users to search and analyze state trial court records, Judge Mooney has a 50% grant rate for motions to compel, a 33% grant rate for motions for summary judgment, and a 100% grant rate for motions to dismiss.

    The case was filed on June 18, 2018, and is still active as of February 12, 2024. The last updated date on Trellis is January 31, 2024, when CFS filed a notice of settlement. The notice indicates that the parties have reached a tentative settlement agreement, subject to court approval. The case docket shows that the parties have engaged in discovery, motion practice, and settlement conferences. The case documents include the complaint, the answer, the cross-complaint, the discovery requests and responses, the motions and oppositions, the orders, and the notices.

    The case is expected to be resolved soon unless the settlement agreement falls through or the court rejects it. The outcome of the case could have implications for the printing industry, as it involves issues such as the enforceability of lease agreements, the liability for breach of contract, and the remedies for unfair business practices.
    canon inc logo 3D Model in Photo 3DExport

Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.