Our Track Record
Class Actions and Mass Torts
Settlement Reached in Consumer Fraud Class Action
The Firm filed a class action against NVE Bank on behalf of its Certificate of Deposit holders, under the New Jersey Consumer Fraud Act, alleging that the bank had engaged in a deceptive interest rate scheme with respect to the issuance and renewal of CDs. Members of the Class were led to believe they were receiving market rates of interest on their CDs when in fact, they were not. The Bank had instituted an undisclosed, two-tier system under which it paid competitive market interest rates on most of its CDs, and then targeted selected CDs for adverse treatment, paying well below competitive market interest rates and/or advertised rates on the targeted accounts. This is the first time the New Jersey courts applied the New Jersey Consumer Fraud Act to a deceptive banking practice of this kind involving CD interest rates.
Settlement: $ 2,800,000
Settlement Reached In Class Action Against The Esmor Corporation
The Firm filed a class action, known as the Brown Class Action, on behalf of certain illegal aliens seeking political asylum in the United States. These people were incarcerated by the INS, over a ten-month period, at a private detention facility operated by the Esmor Corporation in Elizabeth, New Jersey. The detainees were harassed, assaulted, and subjected to other abusive practices and conditions at the detention facility. After years of litigation, a settlement has been reached with Esmor, pursuant to which Esmor will pay $2.5 million into a Settlement Fund for distribution to 68 qualified members of the Brown Class.
Settlement: $ 2,500,000