Hagens Berman LLP Announces Class-Action Lawsuit against Noteworld, LLC
SEATTLE – Hagens Berman, a consumer-rights class-action law firm, today announced that it 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, filed July 26, 2011 in the United States District Court for the Western District of Washington, 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.
Contrary to Noteworld’s claims that it is not a debt-settlement company, according to the Hagens Berman lawsuit, the company meets the statutory definition under Washington law.
Hagens Berman is seeking consumers whose debt settlement accounts were held with Noteworld and were charged exorbitant fees despite little or no progress toward debt settlements.
Consumers can contact the Hagens Berman legal team via email at Noteworld@hbsslaw.com. Consumers can also contact the firm by calling 206-623-7292. Additional information is available at www.hbsslaw.com/cases/noteworldmeracord.
The case asks the court to award damages to individuals who were allegedly misled and who paid exorbitant fees to Noteworld while trying to settle debts.
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About Hagens Berman
Hagens Berman Sobol Shapiro LLP is a consumer-rights class-action law firm with offices in nine cities. The firm has been named to the National Law Journal’s Plaintiffs’ Hot List seven times. More about the law firm and its successes can be found at www.hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.