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Reed Smith LLP | USA | 19 Nov 2018

Sunset for Cy Pres, or Standing in Cyber-Privacy Litigation - Take Your Pick

We’ve always hated the concept of cy pres class action settlements. A cy pres distribution is an admission that, even without opposition, the


Thompson Hine LLP | USA | 30 Jun 2016

Beware: malicious e-mail campaign is targeting lawyers with fake disciplinary, bar notifications

A cyber-alert issued earlier this month by the non-profit Center for Internet Security warns of a dangerous wave of malicious e-mails that are


Venable LLP | USA | 23 Aug 2010

Appeals court decision opens door to more credit repair class action litigation against credit counseling agencies

The United States Court of Appeals for the First Circuit recently found in Zimmerman v. Puccio that a tax-exempt, nonprofit credit counseling agency operated as a “credit repair organization” within the meaning of the Credit Repair Organizations Act (“CROA”), 15 U.S.C. 1679-1679j, and that certain principals of the organization were personally liable under CROA.


Venable LLP | USA | 20 Oct 2008

FTC announces credit repair enforcement sweep

On Monday, October 20, 2008, the Federal Trade Commission (the "FTC"), in cooperation with 25 state agencies in 23 states, announced "a crackdown on operations that deceptively claim they can remove negative information from consumers' credit reports - even if that information is accurate and timely."


Venable LLP | USA | 16 Oct 2008

A legal issues primer for credit counseling agencies, debt management plan providers, and debt settlement companies

In order to thoroughly understand their legal requirements and pitfalls, credit counseling agencies, debt management plan providers, and debt settlement companies must first have a basic understanding of the federal and state laws that apply to the activities of their companies.


Reed Smith LLP | USA | 4 Sep 2007

Amendments to Illinois class action statute on distribution of class funds may benefit defendants

On Aug. 27, 2007, the Illinois legislature passed Public Act No. 95-0479, which amends the Illinois class action statute effective July 1, 2008.

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