$54 Million Verdict – The Money Store

By: Seeger Weiss on January 7, 2015

Counsel for the plaintiff in a class action case against the Money Store, led by Seeger Weiss LLP partner Moshe Horne with co-counsel Paul Grobman and Sharma and DeYoung firms, were able to secure a very rare $54 million verdict.

New York, NY, December 19, 2014 – Counsel for the plaintiff in a class action case against the Money Store, led by Seeger Weiss LLP partner Moshe Horne with co-counsel Paul Grobman and Sharma and DeYoung firms, were able to secure a very rare $54 million verdict.  The lawsuit, heard by Judge Koeltl in the Southern District of New York, was filed by Joseph Mazzei, who was charged monthly late fees after his mortgage went into default.  This breach of contract involving post acceleration late fees dates back to 2001, when homeowners first acted to recoup $629 million for overcharges and interest.

Note: Seeger Weiss LLP is one of the nation’s leading trial law firms specializing in class action litigation on behalf of consumers, investors and injured persons.  The firm, with offices in New York, Philadelphia and New Jersey, represents plaintiffs in a variety of practice areas, including qui tam, pharmaceutical injury, securities and investment fraud, consumer protection, environmental and asbestos exposures, personal injury and medical malpractice, product defect, antitrust, and commercial disputes.

For more information, go to www.seegerweiss.com

Contact:

Moshe Horne, (212) 584-0700 or mhorne@seegerweiss.com

Chris van de Kieft, (212) 584-0700 or cvandekieft@seegerweiss.com

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