$PCTL It's my understanding that Auctus is deeply concerned about this development! The Basile Law Firm P.C. Announces That it Has Secured a 6 to 1 Majority Landmark Decision by New York's Highest Court Confirming That New York's Criminal Usury Law is Applicable to Convertible Promissory Notes.
So yes I know your thinking well that is in New York so LOL.
The landmark decision was rendered by the New York Court of Appeals in the case Adar Bays, LLC v. GeneSYSID, Inc., No. 51, 2021 BL 393765 (N.Y. Oct. 14, 2021). This is a major decision that will affect the legality of certain financial instruments, including convertible promissory notes, and a legal shift that issuers and shareholders alike can benefit from.