California law firm allegedly defaults on 14 million loan

WHITE PLAINS, N.Y. (Legal Newsline) — A California law firm is facing a suit over its alleged default of a $1.4 million loan from New York-based Legal Recovery Associates. Legal Recovery Associates LLC filed a complaint March 22 in the U.S. District Court for the Southern District of New York against Brenes Law Group PC alleging breach of contract and other claims. According to the complaint, Legal Recovery Associates loaned Brenes Law $1.4 million in six different transactions between December 2019 and October 2020. It alleges the note requires interest at the annual rate of 17.5% with interest accruing daily.…