Capital One To Pay $3M To Settle Car Loan Class Action

Law360, Chicago (January 10, 2014, 8:22 PM EST) -- Capital One NA has agreed to pay $3 million to settle a proposed class action over “phony” debt cancellation agreements included in car loans that allegedly ran afoul of Maryland lending laws, according to documents filed Friday in federal court.

The deal will resolve a lawsuit brought by Philip Decohen in the District of Maryland, and was reached through nine months of mediation after the Fourth Circuit revived the case in December 2012, the parties said in a joint brief supporting preliminary approval of the settlement....
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Decohen v. Abbasi LLC et al


Case Number

1:10-cv-03157

Court

Maryland

Nature of Suit

Contract: Other

Judge

William D Quarles, Jr

Date Filed

November 8, 2010

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.