2nd Circ. Weighs 100,000-Member Debt Collection Class

Law360, New York (February 7, 2014, 8:58 PM EST) -- Lawyers for a Leucadia National Corp. debt buying affiliate and its law firm and process server on Friday urged the Second Circuit to undo the class certification of more than 100,000 consumer debtors hit with allegedly fraudulent state-court judgments, saying the suit offended principles of federalism.

At a marathon oral argument session, defendant attorneys told the appeals court that a New York district court erred in concluding that a federal class action was the superior method to resolve accusations that the companies obtained default judgments via...
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