Dollar Financial settles class action suit in Canada

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 class members,”.

Yah, right Harvey. You just got the biggest payday of your life.

Dollar’s CEO Jeff Weiss said in a statement: “While we admit no wrongdoing … this settlement will allow us to avoid the continuing substantial litigation expense that would be expected.”

You can read more details in this article titled “Payday loan victims get $100 million.

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