Here are the facts: it includes $27.5 million in cash, $43 million in forgiven debt and $30 million in credits – is approved by the court, the average payout will be about $380. Lawyer Harvey Strosberg played it cool in this statement: “We think it’s fair and reasonable and in the best interest of the […]
Category Archives: Class Action
Just a weird class action settlement
The Cash Store in Canada is settling two class action lawsuits. It should not exceed $14m and will be paid out as vouchers that can used to pay existing debts or future debts. It looks like the attorneys got the deal they were looking for and settled the case. These class action attorneys extremely unethical. […]
Posted in Class Action
Fast Cash Loans Settles $2.5M Class Action Suit
Local news 5 broke the story regarding a $2.5M settlement by a payday lender, Pacific Financial Holding dba Fast Cash Loans. What’s remarkable is that the plantiff’s attoneys got 10,000 people to participate. I don’t know a lot about class action law suits, but each person will probably get $200 and the attorney’s will split […]
Also posted in Illinois, Washington
