Banking and Finance
Representative Cases
- Represented multiple vehicle finance companies in class action litigation alleging that “discounted financing or customer cash back” promotions violated California’s Rees-Levering Automobile Sales Finance Act. Multiple plaintiffs filed putative class actions against multiple vehicle finance companies, which cases were litigated concurrently as part of a statewide coordination proceeding. All litigation was resolved on summary judgment in defendants’ favor.
- Represented national bank in multi-plaintiff action alleging bank’s culpability in bank account holder’s Ponzi scheme. Plaintiffs sued bank, claiming they relied on the bank’s relationship with plaintiffs’ contract counterparty to lend assurance to his ultimately fraudulent claims. Matter resolved by mediated settlement.
- Represented vehicle finance company in class action litigation alleging that formula used to calculate early vehicle lease termination damages violated federal Truth in Lending Act and related state laws. After class certification was defeated, litigation was resolved on a negotiated individual basis.