Plaintiff Funding Holding Inc., which does business as LawCash, sued plaintiff’s lawyer Randolph Michael Nacol II, also known as Michael Nacol, on Nov. 12, alleging he owes $1,324,419.89 on a promissory note.
In a petition filed in the 113th District Court in Harris County, Brooklyn, N.Y.-based LawCash alleges that when Nacol borrowed the money on April 23, 2012, he promised to pay $6,000 a week until the note was paid in full. LawCash alleges Nacol has not made a payment since Sept. 5, and owes $1,280,621.19 on the principal and $143,798.70 in interest.
Calls to Nacol at Law Offices of Michael Nacol were not answered, and a call to Nacol at a Beaumont address listed in the petition was not answered.
Geoffrey Bracken, a partner in Gardere Wynne Sewell in Houston, who represents LawCash in Plaintiff Funding Holding Inc. v. Randolph Michael Nacol II, did not immediately return a telephone message.-- Brenda Sapino Jeffreys