newryman Posted September 16, 2009 Report Share Posted September 16, 2009 NEW YORK, NY -- The law firm of Milberg LLP has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of all persons who used NAF's arbitration services during the period from June 1, 2006 to the present, inclusive (the "Class Period"). The complaint is available from the Court or can be viewed at Milberg LLP's website at www.milberg.com.Until recently, NAF held itself out as a leading forum for consumer arbitrations, which is how many consumer debt disputes are resolved. An arbitration forum must above all be impartial, so that consumers can be confident that their disputes with creditors (e.g., banks, credit card companies, phone companies, etc.) will be heard fairly, as would be the case if the dispute was resolved by a court of law. The class action lawsuit filed against NAF and related parties alleges that NAF has misled consumers for years in this regard because it was owned by and/or beholden to a debt collection agency and debt collection law firm, such that in reality it was a debt collector, not a neutral forum for resolving disputes by the debt collection industry against consumers. The result of these alliances was near perfect success rates by debt collectors against consumers in NAF arbitrations. Link to comment Share on other sites More sharing options...
trueq Posted September 17, 2009 Report Share Posted September 17, 2009 I got a hold of 2 class complaints.I'm piecing it all together to sue NAF under "Deceptive Trade Practices Act" in my state.I better hurry before I get "hurdled" into one of the class actions! Link to comment Share on other sites More sharing options...
newryman Posted September 17, 2009 Author Report Share Posted September 17, 2009 If ever there was a RICO case this is it when you look at the holding companies and the ownership thereof etc. I can not beleive that somewhere in the background there is not a criminal investigation going on. These guys make Madoff look like a kid shoplifting candy from the corner store. Link to comment Share on other sites More sharing options...
digging_out Posted September 17, 2009 Report Share Posted September 17, 2009 Hi,What other class action suits are out there? What other states?thanks Link to comment Share on other sites More sharing options...
trueq Posted September 17, 2009 Report Share Posted September 17, 2009 (edited) I'l have to check where the others are.IL is being done by Edelman, Combs law firm out of ChicagoMN class action by Zimmerman Reed firm out of Minneapolis (I have a copy of this one) Edited September 17, 2009 by trueq Link to comment Share on other sites More sharing options...
Recommended Posts