Konica Minolta Entered in Default in Verdant’s Breach-of-Contract and Fraud Lawsuit


In May, an equipment financing company called Verdant Commercial Capital LLC sued Konica Minolta Business Solutions U.S.A. (KMBS) for breach of contract and fraud. Verdant claimed that KMBS pressured it to purchase Konica Minolta equipment and lease it to a commercial printer called Starnet Business Solutions Inc. of Mahwah, NJ, which subsequently permanently closed. Although

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