>Noteworld
Date Filed: July 27, 2011
Court: U.S. District Court
Location: Washington
Hagens Berman has filed a lawsuit on behalf of consumers against Noteworld, LLC (“Noteworld”), claiming the Tacoma, Wash. company has violated the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by engaging in a conspiracy to defraud consumers by extracting exorbitant fees from trust accounts related to useless debt-settlement plans.
According to the lawsuit, Noteworld purports to act as an independent fiduciary, independent from front-end debt settlement companies (“front DSCs”). In reality, the complaint argues, the front-DSCs use predatory tactics to sign up distressed borrowers for debt settlement plans, and then Noteworld conspires with the front DSCs to loot consumers’ settlement accounts through exorbitant fees, leaving little or no money for actual settlements.
Hagens Berman is asking the court to award damages to individuals who were misled and who paid exorbitant fees to Noteworld while trying to settle debts.
Consumers can contact the firm by clicking here.
Court: U.S. District Court
Location: Washington
Hagens Berman has filed a lawsuit on behalf of consumers against Noteworld, LLC (“Noteworld”), claiming the Tacoma, Wash. company has violated the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by engaging in a conspiracy to defraud consumers by extracting exorbitant fees from trust accounts related to useless debt-settlement plans.
According to the lawsuit, Noteworld purports to act as an independent fiduciary, independent from front-end debt settlement companies (“front DSCs”). In reality, the complaint argues, the front-DSCs use predatory tactics to sign up distressed borrowers for debt settlement plans, and then Noteworld conspires with the front DSCs to loot consumers’ settlement accounts through exorbitant fees, leaving little or no money for actual settlements.
Hagens Berman is asking the court to award damages to individuals who were misled and who paid exorbitant fees to Noteworld while trying to settle debts.
Consumers can contact the firm by clicking here.
Key Attorneys
Steve W. Berman
Mr. Berman co-founded the firm in 1993, and is the managing partner. He is considered one of the most succe... link >>
Mr. Berman co-founded the firm in 1993, and is the managing partner. He is considered one of the most succe... link >>
Thomas E. Loeser
Mr. Loeser is of counsel at Hagens Berman Sobol Shapiro where his practice focuses on class actions, false ... link >>
Mr. Loeser is of counsel at Hagens Berman Sobol Shapiro where his practice focuses on class actions, false ... link >>
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