NJ Firm Denied Arbitration In Debt-Collection Class Suit

Law360, New York (May 31, 2013, 5:47 PM EDT) -- The New Jersey Appellate Division on Friday refused Pressler & Pressler LLP's bid to arbitrate a putative class action accusing the debt collection firm of filing false and deceptive complaints, finding that it couldn't invoke that right as part of underlying credit card agreements.

The Parsippany, N.J.-based firm lodged the contested complaints for Midland Funding LLC, which acquired Chase Bank USA accounts on which class plaintiffs owed money, according to Friday's opinion. Plaintiffs have accused the firm of violating the Fair Debt Collection Practices Act through...
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