beeboah Posted February 5, 2007 Report Share Posted February 5, 2007 So I want to sue an OC's CEO.Is it like a Government agency where you can just sue the CEO or ITS the CEO to get results Fast?I have a stubborn tradeline and the way that it is being reported is definitely an FCRA violation.Or does the fact that they are a corporation protect the CEO from individual lawsuits?Finally, why is small claims court the best location to sue in? I heard it is so they have to rely on their own corporations attorneys not external attorneys.A little lost, but I need to get this together.Thank you! Link to comment Share on other sites More sharing options...
IHateCAs Posted February 5, 2007 Report Share Posted February 5, 2007 It's not happening. Link to comment Share on other sites More sharing options...
PeteDude Posted February 5, 2007 Report Share Posted February 5, 2007 So I want to sue an OC's CEO.Have you attempted to contact the CEO first? If you sue without contacting him directly, he's got one easy item to add to his defense. . . he didn't know about the issue in advance.What I've done in these sorts of situations with stubborn CO's is write their CEO and copy the state Attorney General in their state. Make sure you at least CMRRR the CEO or send via some verifiable route (i.e. FedEx). In some cases you may wait two to three months for a response, but you will likely get one.Some CO's will knock down doors to talk to you and get these items worked out-- companies do NOT like lawsuits, do NOT like compliance issues*, and more importantly do NOT like being on the state AG's radar. Some of these outfits (i.e. Capital One) are probably frequently on states' hit lists anyway, so any problem they can resolve is potentially one less item they have to answer to authorities for.*Many large companies have internal audit departments, some of which report directly to the CEO while some have reporting structures involving the board of directors. If the company has ANY kind of policy regarding how it conducts business in general, or is nervous about violating the law, internal audit groups can flag these compliance issues and make big stinks about them. This is often worse than having an outside entity investigate the firm, and is especially true for financial institutions. Therefore, it pays for companies internally as well to NOT get sued. Link to comment Share on other sites More sharing options...
beeboah Posted February 10, 2007 Author Report Share Posted February 10, 2007 Have you attempted to contact the CEO first? If you sue without contacting him directly, he's got one easy item to add to his defense. . . he didn't know about the issue in advance.What I've done in these sorts of situations with stubborn CO's is write their CEO and copy the state Attorney General in their state. Make sure you at least CMRRR the CEO or send via some verifiable route (i.e. FedEx). In some cases you may wait two to three months for a response, but you will likely get one.Some CO's will knock down doors to talk to you and get these items worked out-- companies do NOT like lawsuits, do NOT like compliance issues*, and more importantly do NOT like being on the state AG's radar. Some of these outfits (i.e. Capital One) are probably frequently on states' hit lists anyway, so any problem they can resolve is potentially one less item they have to answer to authorities for.*Many large companies have internal audit departments, some of which report directly to the CEO while some have reporting structures involving the board of directors. If the company has ANY kind of policy regarding how it conducts business in general, or is nervous about violating the law, internal audit groups can flag these compliance issues and make big stinks about them. This is often worse than having an outside entity investigate the firm, and is especially true for financial institutions. Therefore, it pays for companies internally as well to NOT get sued.Thanks PeterDude...and yea Ihatecas....thanks for another useful paraphrase. Link to comment Share on other sites More sharing options...
IHateCAs Posted February 11, 2007 Report Share Posted February 11, 2007 I try to be succinct. Link to comment Share on other sites More sharing options...
beeboah Posted February 11, 2007 Author Report Share Posted February 11, 2007 I try to be succinct.I couldn't help but notice. Link to comment Share on other sites More sharing options...
sr28b Posted February 11, 2007 Report Share Posted February 11, 2007 You two are a riot. Beeboah, please report back either way on whether or not this worked.My personal opinion is that the bigger the corporation, the more desensitized they become to the threat of a lawsuit. Link to comment Share on other sites More sharing options...
ocn2000 Posted March 8, 2007 Report Share Posted March 8, 2007 Doubtful you could sue the actual CEO (as a person). The company would likely be liable if a law was broken. You could serve him with papers. As the CEO he would be "servable" as a registered agent of the company. Link to comment Share on other sites More sharing options...
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