Class Action Filed on Behalf of Asian-American and U.S. Business Owners Against National Finance Lender H-Capital Advance a/d/b/a Yalber

Nov 10, 2015, 08:00 ET from Wilkey Legal Consultants, LLC

EXTON, Pa., Nov. 10, 2015 /PRNewswire/ -- The following statement was issued today by Wilkey Legal Consultants, LLC and Yun & Associates, P.C., the law firms representing the Plaintiffs and Class Members in this matter.

This past week a class action captioned Korea Week, Inc. v. Got Capital, LLC, NLYH, LLC, and Capital Advance a/d/b/a Yalber,, Case No. 151002821 (C.C.P. 2015), was filed in the Philadelphia Court of Common Pleas, on behalf of Asian-American and other business owners (including other ethnic and minority business owners) throughout the United States, against the finance lending companies H-Capital Advance and Yalber ("H-Capital a/d/b/a Yalber") with corporate headquarters in Teaneck, New Jersey, and additional corporate and affiliate offices (under different corporate names) throughout the United States including Philadelphia, New York, Los Angeles, San Francisco, and Dallas.  The company advertises by way of its Website, that it has invested approximately $500 million dollars "in more than 12,000 businesses."   

This class action represents a historical number of Asian-American, minority, and other business owners, the largest class of its kind, where in 2014-2015 it was estimated that there were approximately a million minority owned businesses in the U.S. including most notably, 26,000 Vietnamese owned nail salons, 41,000 Chinese restaurants, 30,082 total Korean owned businesses, and 24,692 total Indian owned businesses. 

H-Capital/Yalber is actively involved in advertising, marketing, and lending of its financial goods and services, to many ethnic and minority businesses and companies, including the Chinese, Korean, and Vietnamese communities.  According to the company's Website, H-Capital/Yalber's business model is primarily based on "cash advance products" which involves financially tying repayment processes, arrangements, and obligations directly to current and future receivables, where the company advertises that "we purchase a portion of your gross revenue receivables at a discount price, using our industry established parameter, and advance a stated amount to you [and] we promise the best combination of an advance amount and factor percentage to suit your business." 

According to the allegations set forth in the filed Class Action Complaint, H-Capital a/d/b/a Yalber are companies engaged in a number of predatory lending schemes, specifically targeting various ethnic and minority communities and operating under a number of different corporate entity names, including but not limited to Got Capital, LLC in Philadelphia, PA, NLYH, LLC in New York, NY, and dozens of other revolving corporate entities and affiliates.

The class action on behalf of such business owners involves a number of substantive violations of both state and federal banking, lending, loan, and finance related standards and laws, including among others, common law fraud, intentional and negligent misrepresentation, civil conspiracy, negligence, unjust enrichment, monies had and received, breach of contract, unfair trade practices and consumer protection laws, Credit Services Act, Truth in Lending Act, good faith and fair lending standards, and state banking, loan interest and other financial protection laws.  The Class Action Complaint highlights that such U.S. businesses have been subjected to various predatory and targeted lending, financing, and usury practices, including incurring exorbitant fees, costs, interest rates, finance penalties, and most notably, harsh and onerous financial lending practices and extortion, involving current and future receivables, which has caused such businesses loss of revenue, profits, reputation and good will.

For more information regarding this class action (including media inquiries) or whether or not your business or company may qualify for a claim, please contact the law firms of Wilkey Legal Consultants, LLC and Yun & Associates, P.C. toll-free at (888) 598-1112 or email at: or visit the Website at:

Robert N. Wilkey, Esq. (Lead Counsel)
Wilkey Legal Consultants, LLC
Eagleview Office Plaza
600 Eagleview Blvd., Suite 300
Exton, PA 19341
(888) 598-1112 (Toll-Free)
(610) 465-7393 Ph.

Chang Hi Yun, Esq. (Co-Counsel)
Yun & Associates, P.C.
583 Skippack Pike, Suite 300
Blue Bell, PA 19422
(267) 699-8763 Ph.

SOURCE Wilkey Legal Consultants, LLC