Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2026
Jade Presents sues three merchant cash advance lenders over predatory loans
Lawsuit filed
In August 2026, the bankrupt Fargo concert promoter Jade Presents filed three lawsuits in the U.S. Bankruptcy Court for the District of North Dakota against merchant cash advance companies Rocket Capital NY, LLC, Direct Capital Source Inc. (doing business as Capytal.com) and Unique Funding Solutions LLC. The suits accuse the lenders of charging predatory, disguised interest rates, with one case involving a rate of nearly 149% a year. Before its Chapter 11 filing, Jade Presents had paid the three lenders a combined $964,233. The promoter is also asking the court to reject a competing $224,750 claim filed by Rocket Capital.
Stated objective. to recover nearly $1 million paid before its Chapter 11 filing and to have a competing claim thrown out
Source excerpt
The lawsuits, filed Aug. 23 and 24 in U.S. Bankruptcy Court for the District of North Dakota, target Rocket Capital NY, LLC; Direct Capital Source Inc., doing business as Capytal.com ; and Unique Funding Solutions LLC.
The bankrupt Fargo concert promoter has filed three lawsuits accusing merchant cash advance companies of charging predatory, disguised interest rates, in one case, nearly 149% a year.
Jade Presents is also asking the court to throw out a competing claim Rocket Capital filed in the bankruptcy case for $224,750, arguing the underlying agreement is unenforceable.