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Written by Administrator
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Friday, 17 June 2005 |
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Click
HERE for a copy
of the default judgment against NorVergence in favor of the
State of IL. The judgment renders leases between NorVergence
and IL-based businesses void ab initio. Any defendant who
may be affected by this order should consult legal counsel.
Congratulations Norvergence victims in Illinois!
Excerpt
from the Doc:
16.
All Equipment Rental Agreements or other contracts procured
between NORVERGENCE and Illinois consumers or between finance
companies and Illinois consumers as a result of a NOR VERGENCE
solicitation directed to an Illinois consumer are the result
of deceptive and unfair practices and fraud on the part of
NOR VERGENCE and, therefore, are declared void ab initio and
are unenforceable.
Contact
your attorney to see how this can help you!
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Finally get your day in court! |
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Written by Kevin Martin
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Tuesday, 14 June 2005 |
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Dear NorVergence victims,
Finally
get your day in court!
On June
16th the Motion for Class Certification will be heard at the
Monmouth County Courthouse in New Jersey and we must have
a large showing at the courthouse!
This is
an extremely important hearing; you are urgently needed to
attend. This is your chance to represent all 11,000 of us.
Victims in the NJ, NY, CT and surrounding areas, please attend.
Our winning this fight not only depends on our attorneys but
also depends on your involvement and support. Stand up for
yourselves! Make your voice heard! Show the leasing industry
that united we are stronger.
Directions
to the courthouse are available at: www.lesseerights.org Signs
and t-shirts will be given to you at the courthouse, you can't
miss us. Also please bring your digital camera so photos can
be posted on www.lesseerights.org.
For those
in the area, please take a few hours and plan on attending
this hearing!
If you
can attend please let me know by email:
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Sincerely,
Kevin Martin
NVAC Coordinator
800-627-8468
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Follow up to Story: State Court Dismisses Florida AG's UTP's |
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Written by Slade V. Dukes
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Monday, 06 June 2005 |
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Follow
up to Story: State Court Dismisses Florida Attorney General's
Unfair Trade Practices Suit Against Equipment Finance Companies
Thursday June 2, 12:02 pm ET
On May
27, 2005 the Office of the Attorney General received an Order
issued by a visiting Judge Dismissing First Amended Complaint
in the Attorney General’s lawsuit against ten leasing
companies that acquired equipment rental agreements from NorVergence.
On June 3, 2005 the Office of the Attorney General appealed
the Order to the First District Court of Appeal.
The Office of the Attorney General will pursue the appeal
vigorously.
However, it is not possible to predict exactly when the court
will make its decision. Attached, please find a .pdf copy
of the Notice of Appeal.
(See
file: NorV State Notice of Appeal.pdf)
Sincerely,
Slade
V. Dukes
State of Florida, Office of the Attorney General Department
of Legal Affairs, Economic Crimes Division Tallahassee, Florida
Telephone: (850) 414-3600
Facsimile: (850) 488-4483
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State Court Dismisses Florida AG's UTP Suit |
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Written by Administrator
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Thursday, 02 June 2005 |
TALLAHASSEE, Fla., June 2 /PRNewswire/ -- In a case with national
ramifications, the Honorable Russell A. Cole Jr., a State
of Florida Circuit Judge in Tallahassee, Florida, rejected
a lawsuit filed by the State that had accused twelve national
finance companies of violating the Florida Deceptive and Unfair
Trade Practices Act.
Albert F. Tellechea, the Akerman Senterfitt shareholder in
charge of the case for Popular Leasing U.S.A., Inc., a subsidiary
of Banco Popular North America, explained that Judge Cole's
ruling upholds three of the four pillars relied on by the
commercial equipment leasing sector: the unconditional obligation
to pay or "hell or high water" clause, the waiver
of defenses and warranties clause, and the law and forum selection
clause. "An adverse ruling would have had a chilling
effect on the secondary financing market and increased the
amount businesses would pay for new leases in Florida,"
Tellechea explained. "This is the first definitive ruling
in the country involving the leasing companies as defendants
that deals squarely with the equipment leases sold to third
parties." Tellechea also stated that Judge Cole's ruling
was significant because the Attorney Generals in other states
had been monitoring the outcome of this case.
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Last Updated ( Thursday, 21 August 2008 )
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Read more... [State Court Dismisses Florida AG's UTP Suit]
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Written by Administrator
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Wednesday, 01 June 2005 |
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On May
27, 2005 the Office of the Attorney General received an Order
issued by a visiting Judge Dismissing First Amended Complaint
in the Attorney General’s lawsuit against ten leasing
companies that acquired equipment rental agreements from NorVergence.
The Office of the Attorney General is evaluating all available
legal options and will soon decide what avenues to pursue.
Attached, please find a .pdf copy of the received Order.
(See
file: NorV Court Order Dismissing State of Florida First Amended
Complaint.pdf)
We
have been informed that the AG has not given up,
this is just one of the motions that were filed. Discovery
of the details of the Norvergence fraud was still in progress
during the first stages of the AG filings, so some of them
will prove to be non sequitur. Other motions are still in
the courts, most of them for more egregious practices
of the leasing companies and Norvergence. We at fight
the scam will keep you updated on these developments
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Weir Demands 21 Leasing Companies Cease Collection, Return Funds & Repair Credit |
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Written by Administrator
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Wednesday, 01 June 2005 |
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On May
23rd Weir & Partners sent demand letters to 21 leasing
companies demanding that they not only cease all collection
efforts aimed at Weir clients in Texas but that the leasing
companies account for and return all funds collected from
Weir's Texas clients and to withdraw any negative credit report
entries.
Click
here to read the Weir's demand letter to the 21 leasing companies
The 21
leasing companies that received the Weir demand letter are:
BB&T Leasing Corp., CCL/Commerce Commercial Leasing, Celtic
Bank Corp., CIT Technology Financing Services, Inc., Court
Square Leasing Corp., De Lage Landen Financial Services, Inc.,
Dolphin Capital Corp., First Corp., IFC Credit Corp., Irwin
Business Finance Corp., Liberty Bank, Norv Capital, a Program
of De Lage Landen Financial Services, Inc., OFC/Alfa, Patriot
Commercial Leasing a/k/a Susquehanna Patriot Commercial Leasing,
Popular Leasing U.S.A., Inc., Preferred Capital, Inc., Sterling
National Bank, Studebaker-Worthington Leasing Corp., U.S.
Bancorp Business Equipment Finance Group, d/b/a Lyon Financial
Services, Inc., U.S. Express Leasing & Wells Fargo-Wells
Fargo Financial Leasing, Inc.
To learn
more about Weir's efforts on behalf of their over 1,500 Norvergence
clients please visit
www.NorvergenceLitigation.com or call Weir attorney George
Tadross at 215-241-7709.
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Docket 03CV5433 NorV V. Rodriguez 111703
NorV V. Rodriguez 012004
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