On July 8, 2022, the U.S. Court of Appeals for the Ninth Circuit reversed a district court’s dismissal of an action under the Perishable Agricultural Commodities Act (“PACA”), determining that the allegations of a provider of alternative financing were sufficient to show that it acted as a seller of produce and not necessarily as a lender. Produce Pay, Inc. v. Izguerra Produce, Inc., 39 F.4th 1158 (9th Cir. 2022).
Ninth Circuit Determines Provider of Alternative Financing May Act as Produce Seller Under PACA
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