NorVergence Reverberations: Mass Mediation? Paul Bent, Attorney at Law Principal, The Alta Group, LLC As reported four weeks ago in Leasing News, judges of the...
Thanks for the article, Kit. I appreciate you posting it for all to see. "To tell the truth," this article by Paul Bent sounds like spin to me. Yeah,...
Craig Sears
craig@...
Jun 3, 2007 8:23 pm
13543
Craig I totally agree with you, but mediation could help bring this thing to it's knees. Don't forget, it cost money for everyone to go to court, not just the...
I agree with Craig. Mediation is BEFORE you go to court. If you cannot reach and agreement through mediation then, you go to court. I am not a lawyer but I...
FTC files against IFC/Texas AG first to follow As being followed since the inception of the filing of the bankruptcy of NorVergence in July, 2004, and the...
I've read the FTC's complaint against IFC and find it both interesting and fascinating. There is new helpful information regarding the "close" relationship...
Note the involvement of the various state AG's offices. Most of the leasing companies settled, therefore that leaves just a few left, who did not. One is in...
I meant the only one they have filed against is IFC. It appears the only action left in town is the suit against IFC, who has spent so much money, they have...
I sure hope they're next, David. J Craig Sears From: TheAberdeenKid@yahoogroups.com [mailto:TheAberdeenKid@yahoogroups.com] On Behalf Of samsonauto@... ...
Craig Sears
craig@...
Jun 7, 2007 2:15 am
13553
I agree with you, Kit. What I'm curious about is how in the world IFC got their underwriters convinced that they will prevail? That's just amazing to me. ...
Craig Sears
craig@...
Jun 7, 2007 2:20 am
13554
Hello, Well, this is interesting. Most of the charges and complaints were detailed in the Estok papers as previously noted a while back. And, on that basis,...
When the FTC wins the case, will banks and companies that 'settled' and took precentage of the lease, will they need to refund the those monies? Kit Menkin...
http://www.legalnewsline.com/news/196297-attorney-general-targets-financer-over-contested-debt-collecting ... Park yourself in front of a world of choices in...
http://www.consumeraffairs.com/news04/2007/06/tx_norvergence.html ... Moody friends. Drama queens. Your life? Nope! - their life, your story. Play Sims Stories...
IFC has been using these schemes for a long time, and getting away with it. Maybe this will bring some justice to the victims. ILC has been doing the same ...
I sure wish Georgia had an AG like Texas. Mr. Abbott is a man who clearly understands his job and does it well. He takes swift and just actions not only to...
Craig Sears
craig@...
Jun 7, 2007 1:35 pm
13560
I hear you Craig. The PA attorney Generals office hides behind very thin laws that could be read differently by a judge, if he would try to make a case, but if...
How about Florida, our AG was to busy running for Governor. John Sessa / President Universal Precision Industries, Inc. 1876 Lake Ave. SE Suite A Largo, FL...
The Florida AG tried and his case was denied initially because he didn't sue for the right reasons or something like that, but I understand he's trying again. ...
Craig Sears
craig@...
Jun 7, 2007 2:30 pm
13564
Actually, they dropped all actions. Something about Banks are regulated on a Federal level and the AG's have no juristiction. I did quite understand it as...
Well this is a good day! My lease was with IFC, my business is in Harris County Texas. Finally it looks like some action will be taken. I (reluctantly and only...
Perhaps I am wrong, but it is my understanding that the FL AG won its appeal after its initial suit against 12 leasing companies was dismissed by the court....
The underwriters lend them the money in advance, and do not approve the credits. They advance the cash and the leasing company pays against it as they have...
Several state ag's have not made agreements. Do not know the number. Several lessees have not taken the settlement offers, which have varied from 80% to 95% ...
Yes, if they were IFC lease contracts. The FTC is against IFC Credit Corporation only. Their actions and filing may influence cases under way with other...
No, they backed out after a decision was made that states did not have authority over national bank rules and regulations. Leasing News wrote about it. ... ...
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