Encore Units Settle Suit Over Robo-Signed Docs For $5M

Law360, New York (August 12, 2011, 9:23 PM EDT) -- Despite opposition from 38 state attorneys general, an Ohio federal judge approved a $5.2 million settlement on Friday resolving class action allegations that Encore Capital Group Inc. subsidiaries' alleged "robo-signed" debt collection affidavits violated the Fair Debt Collection Practices Act.

U.S. District Judge David A. Katz signed off on the settlement between plaintiffs in various class actions and Encore units Midland Funding LLC and Midland Credit Management Inc., dismissing objectors' concerns over collusion in the settlement process and the breadth of the claims release in the...
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