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House of Cards
1/15/2010
Source: Linden MacIntyre, CBC News, www.cbc.ca

California’s San Mateo County, which lost $150 million in the Lehman bankruptcy, has filed suit against that company. Due to this financial hit, the county has had to cut back on the public services it offers. San Mateo alleges that prior to declaring bankruptcy, Lehman executives made “public statements about the company's financial strength while privately scrambling to save it from collapse.” While Lehman “publicly hid the company's exposure to mortgage-related losses, it reported record profits and gave lucrative bonuses to its executives."

Recent Updates

9/3/2010
JTH Tax, Inc. (dba Liberty Tax Service), Defendant v. The People of the State of California, Plaintiff; In the Court of Appeal in the State of California, Case no. A125474.
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Liberty Tax Service violated the UCL and the FDCPA by misleading consumers into signing agreements with hidden provisions purporting to allow the cross-collection of debts.
8/24/2010
New Gift Card Rules a Good First Step
Some provisions of the landmark CARD Act that went into effect on Sunday give consumers new protections when it comes to gift cards, helping them keep more of their hard-earned dollars in their pockets.
8/5/2010
Help Coming for Homeowners?
Only a small fraction of the money allocated to help homeowners has been spent and only a few hundred thousand loans have been modified. So what's next?

Events

11/11/2010
Coming Soon! NACA's Annual Meeting and NCLC's Consumer Rights Litigation Conference in Boston
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