![OXFORD GRAY NORTH AMERICA CORP ("OXFORD GRAY") RECENTLY FILED BREACH OF CONTRACT LAWSUIT FOR OVER $9 MILLION AGAINST AUSTIN, TEXAS-BASED COMPANY, FINTIV, ALSO KNOWN AS MOZIDO, OWNED AND LED BY MICHAEL LIBERTY ["Liberty"]](/_next/image?url=https%3A%2F%2Fdims.apnews.com%2Fdims4%2Fdefault%2Fdcac1a4%2F2147483647%2Fstrip%2Ftrue%2Fcrop%2F700x394%2B0%2B28%2Fresize%2F1440x810!%2Fquality%2F90%2F%3Furl%3Dhttps%253A%252F%252Fassets.apnews.com%252F90%252F29%252F4e3c1cc7446089a9101a7bdff4c8%252Fdefaultshareimage-copy.png&w=3840&q=100)
OXFORD GRAY NORTH AMERICA CORP ("OXFORD GRAY") RECENTLY FILED BREACH OF CONTRACT LAWSUIT FOR OVER $9 MILLION AGAINST AUSTIN, TEXAS-BASED COMPANY, FINTIV, ALSO KNOWN AS MOZIDO, OWNED AND LED BY MICHAEL LIBERTY ["Liberty"]
Allegations by Oxford Gray in the Austin case
Fintiv, the Austin, Texas-based company, formerly known as 'Mozido,' led and controlled by Michael Liberty, borrowed a total of $5 million under a series of Promissory Notes ('Notes') evidencing loans by plaintiff Oxford Gray Corp. to Fintiv. The notes were subject to payment of principal and interest due as per the repayment schedule set forth in the Notes.
Oxford Gray alleges in the recently filed Texas case that Fintiv defaulted on timely payments under the Notes and therefore is in breach of contract and owes more than $9 million in unpaid principal and interest due under the Notes. For Texas case, see HERE.
In a separate case filed in October 2024 in Florida, Oxford Gray alleges that Michael Liberty signed a personal guaranty for one of the Promissory Notes at issue in the Austin case and is requiring Liberty to honor his personal guarantee of that Note. See HERE. Icarus Cap. Corp. and Oxford Gray Corp. v. Fintiv and Michael Liberty, individual, 5-21-2025, #223582, Fla. 9th Judicial Cir., Orange Co. Fla, Case No. 2024 CA 009041-O.
The complaint filed in Texas begins as follows, to provide context for the case: 'This case stems from Fintiv's failure to repay a series of promissory notes entered into with Oxford Gray…as part of what the U.S. Department of Justice described as a 'scheme to defraud' investors that resulted in a 2019 criminal indictment of Liberty.'
Oxford Gray attached a copy of the Liberty criminal indictment as an exhibit to, and relevant to, the Oxford Gray / Austin, Texas case. See February 27, 2019, Maine federal indictment of Michael Liberty HERE. However, Lanny J. Davis, a Washington D.C. attorney and outside legal advisor to the plaintiff in the case, Oxford Gray North America Corp., said it is only fair to point out that Mr. Liberty's 2019 indictment and a 2016 prior guilty plea for violating federal campaign finance laws were both discharged as a result of the February 2021 pardon of Mr. Liberty by President Trump. See President Trump's pardon of Mr. Liberty HERE.
Davis also pointed out that the presidential pardon does not interrupt an ongoing 2018 civil enforcement case against Liberty by the US Securities and Exchange Commission ('SEC') alleging a 'scheme to defraud' -- nor block the continuation of this breach of contract case filed by Oxford Gray in Austin, Texas. See SEC complaint filed against Michael Liberty for scheme to defraud investors and other allegations HERE. Davis added: 'My client Oxford Gray hopes and believes that justice will be done and that Mr. Liberty will be required to comply with his written personal guarantee of loans made to Fintiv.'
Attorney Lanny Davis is a legal advisor to the plaintiff Oxford Gray North America Corp. He is a Washington D.C. attorney, founder of the law firm Lanny J. Davis & Associates, has been a practicing attorney for more than 40 years, and also served as a White House Special Counsel to President Bill Clinton and served on a bipartisan privacy and civil liberties panel appointed by President George W. Bush.
View original content: https://www.prnewswire.com/news-releases/oxford-gray-north-america-corp-oxford-gray-recently-filed-breach-of-contract-lawsuit-for-over-9-million-against-austin-texas-based-company-fintiv-also-known-as-mozido-owned-and-led-by-michael-liberty-liberty-302513473.html
SOURCE Oxford Gray North America Corp.
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