Color-Web Suing Its Bank, Seeking $13.8 Million
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Statement from Moyal:
“In my view, a bank’s role is to facilitate commerce. When a bank does something that impedes commerce and destroys the value that a business has earned over many years, its role in the marketplace becomes extremely damaging,” said Moyal. “This lawsuit is not just about Color-Web’s claims against a bank. It is in defense of the notion that when institutions prey on small businesses and innovators, the most reliable engines of job creation, they should be held accountable for damages that result.
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