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Case ID: 4846 | Credit / Debt | 06/20/2006
Two California consumers, Shane Satey and Kenneth Holtzclaw, brought a class action against Great Seneca Financial Corp. and the debt collection law firm of Wolpoff & Abramson, alleging unfair and fraudulent debt collection and credit reporting practices and also that Great Seneca was collecting debts in California for months without being properly registered as a California corporation.
For several months, nationwide debt collector Great Seneca Financial Corp. allegedly collected debts in California without a California license. Hundreds, maybe thousands, of California consumers who paid money to Great Seneca to settle debts may be entitled to relief. The ordeal began with Mr. Shane Satey, a Southern California resident and a victim of identity theft. An identity thief stole Mr. Satey’s Chase credit card information and used it to charge up over $8,000 at a local retailer in Glendale, California. Although Mr. Satey sent a copy of the police report to Chase, Chase credit-reported the alleged debt and also sold it to debt collectors. In late 2005, debt collector Great Seneca purchased the debt and sued Mr. Satey, who hired the La Crescenta consumer protection firm Brennan, Wiener & Associates to obtain justice for the identity theft. On the very day when Brennan, Wiener & Associates contacted Great Seneca’s attorneys, Wolpoff & Abramson, Great Seneca mysteriously dismissed the case without comment. A few months later, Great Seneca sued Kenneth Holtzclaw on an alleged debt which was many years older than the four-year limitations period for collecting debts in California. Seeking information about his rights, Mr. Holtzclaw coincidentally contacted Brennan, Wiener & Associates. Brennan, Wiener & Associates learned that Great Seneca was not licensed or registered as a California corporation, so Brennan, Wiener & Associates filed an answer and cross-complaint against Great Seneca and Wolpoff & Abramson. Suddenly, Great Seneca became properly registered as a California corporation on April 10, 2006, although it had been collecting debts in California for several months before then. Mr. Holtzclaw and Mr. Satey filed the class action complaint in Los Angeles Superior Court against Great Seneca and Wolpoff & Abramson for alleged unfair and fraudulent debt collection practices. The lawsuit seeks to represent any California consumer that paid money to Great Seneca to settle debts. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Credit / Debt Cases of Interest Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of Radian Group Inc. (“Radian” or the “Company”) (NYSE:RDN - News) who purchased securities of the Company between January 23, 2007 and July 31, 2007 (the "Class Period"), have until October 15, 2007 to move for appointment as Lead Plaintiff in a securities class action lawsuit currently pending in the United States District Court for the Eastern District of Pennsylvania. No class has yet been certified in this action. Under federal law, a consumer who receives unsolicited merchandise is entitled to keep it without paying for it. The parties have reached a tentative settlement in a class action against book publisher and marketer Oxmoor House, Inc. on behalf of all persons who allege that they were sent unsolicited books and charged for them, or charged for books that they did not receive, in violation of the federal Unordered Merchandise stature, and Florida's deceptive trade practices and unfair collections laws. The legal notice describing the class action does not state the deadline for filing claims under the settlement.
Merchants Decry American Express Company's Use of Market Power to Muscle Into the Credit Card Market A company that has a great deal of power in one market should not be able to legally use that power to leverage its way into other markets--this is the heart of many antitrust actions. A class action has been filed against American Express Company on behalf of merchants who accept the company's charge cards, alleging that American Express uses its market power unlawfully to force class members to accept its credit cards at excessive rates in violation of federal antitrust laws.
Two unsatisfied customers recently filed lawsuits against Cingular Wireless on behalf of themselves and others with the same problem. Financial-services firm Edward Jones has signed a tentative agreement to settle nine class action suits in connection with the firm's mutual fund revenue sharing practices. A nationwide class action has been filed in Kentucky against mortgage insurance giant, Triad Guaranty Insurance Corporation. The action is brought on behalf of all U.S. residents who have obtained mortgage insurance from Triad at a less than best rate, and have not been informed that an adverse decision was made against them as a result of utilizing a credit report. The action is brought under the federal Fair Credit Reporting Act and seeks actual and statutory damages as well as injunctive and declaratory relief. |
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