UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K  

 


CURRENT REPORT

Pursuant to Section  13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 7 , 2017

 

 


ASTA FUNDING, INC.

(Exact name of registrant as specified in its charter)

 

 


 

Delaware

 

001-35637

 

22-3388607

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

   

210 Sylvan Avenue

Englewood Cliffs, NJ 07632

(201) 567-5648

(Address, including zip code, and telephone number, including area code, of

the registrant ’s principal executive offices)

 

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company

 

 

 

 


Item  8 .0 1       Other Events .

 

On November 7, 2017, in connection with the previously-disclosed lawsuit in Montana state court alleging fraud and abuse of process arising from Asta Funding, Inc. ’s (the “ Company ”) business relationship with an entity that finances divorce litigation proceedings, the Montana Eighteenth Judicial District Court in Gallatin County granted the plaintiff’s default judgment against the Company, Gary Stern and Louis Piccolo. The Company is currently assessing its obligations pursuant to the lawsuit and its next legal steps, including the filing of a motion to set aside or, in the alternative, to vacate, the default judgment. The plaintiff is seeking unspecified damages, which the Company contests.

 

 

 

 

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

             
 

 

 

 

Asta Funding, Inc.

       

Date: November 14, 2017

 

 

 

By:

 

/s/ Bruce R. Foster

 

 

 

 

Name:

 

Bruce R. Foster

 

 

 

 

Title:

 

Chief Financial Officer