In Bufil v. Dollar Financial Group, Inc., ___ Cal.App.4th ___ (Apr. 17, 2008; pub. ord. May 13, 2008), the Court of Appeal (First Appellate District, Division Four) reversed an order denying class certification of certain wage and hour claims. Notably, the Court distinguished Alvarez v. May Department Stores Co., 143 Cal.App.4th 1223 (2006), the collateral estoppel case.
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Dollar Financial Group Inc. the parent company had claimants that are seeking $224 million from Money Mart. There’s a new lawsuit brewing. These lawsuits are those citizens of the nation Canada presently suing a payday loans company in a class action lawsuit. There were over 264,000 participants. The trial began in Ontario Superior Court last Tuesday, April 28th, 2009 and was expected to last in six weeks. So far, this is the largest class action today against a payday loan firm anywhere. . If the lawsuit arrives at a judgment for the plaintiffs, then it could very difficult for lenders to keep operating. If the lawsuit arrives at a judgment for the plaintiffs, then it could very difficult for lenders of short term loans to keep operating.
Posted by: Bryan P. | Tuesday, May 05, 2009 at 07:44 PM