Liquidator Stiffed T-Mobile for $6.6M in Unpaid Funds, Alleges Carrier

Belmont Trading owes T-Mobile nearly $6.6 million in remitted funds for the liquidation or resale of devices and accessories the carrier transferred to the company under a twice-amended 2015 master service agreement, alleged T-Mobile in a breach of contract complaint Thursday (docket 2:22-cv-01446) in U.S. District Court in Seattle. Belmont has “materially breached” the agreement by failing to pay T-Mobile the funds “resulting from the liquidation of certain assets owned by T-Mobile and held by Belmont Trading pursuant to a bailment contract,” it said. Belmont also has failed to return T-Mobile’s “property upon demand,” it said. “As a result, T-Mobile has suffered damages for which Belmont Trading is liable to T-Mobile.” Belmont didn’t immediately comment.