Here is a piece summarizing the key elements of that case.
Omni Partners accused Ferrum and its leadership of breaching the contract. The allegations suggested that Ferrum Capital had mismanaged funds or failed to repay the principal and interest according to the agreed-upon schedule. The lawsuit sought to recover millions of dollars in alleged unpaid debts and penalties. ferrum capital lawsuit 2021
The legal battles in 2021 marked the beginning of the end for Ferrum Capital Partners as a major player in the bridge financing space. The litigation revealed the firm's precarious financial position. Here is a piece summarizing the key elements of that case