LAWSUITS NEWS & LEGAL INFORMATION
Record $75M Settlement in Capital One TCPA Class Action
This is a settlement for the Media/Telecom lawsuit.
Los Angeles, CA: A $75 million proposed settlement has been reached in a class action against Capital One Financial Corp, and three collections agencies that allegedly made calls to customers' cell phones without consent, using an automated dialer, in violation of the Telephone Consumer protection Act (TCPA).
Preliminary approval was granted by US District Judge James F. Holderman on Tuesday. Under the terms of the settlement Capital One, Leading Edge Recovery Solutions LLC, Capital Management Services LP and AllianceOne Receivables Management Inc. will collectively pay $75,455,098.74 into a settlement fund and change their practice of cold-calling customers' cellphones, according to documents filed in Illinois federal court. If approved, Capital One will pay $73 million into the fund, Leading Edge will pay almost $1 million, AllianceOne will pay $1.4 million, and CMS will pay over $24,000.
According to court documents, the settlement class consists of all people in the US who received a phone call from Capital One' automatic telephone dialing system to a cellphone in an effort to collect on a credit card debt from January 2008 to June 2014. Additionally, people who received calls from participating vendors from February 2009 to June 2014 are also eligible class members.
Capital One and the defendants do not admit liability. A final hearing is scheduled for December 2014.
The case is In Re: Capital One Telephone Consumer Protection Act Litigation, case number 1:12-cv-10064, in the U.S. District Court for the Northern District of Illinois.
Published on Aug-1-14
Preliminary approval was granted by US District Judge James F. Holderman on Tuesday. Under the terms of the settlement Capital One, Leading Edge Recovery Solutions LLC, Capital Management Services LP and AllianceOne Receivables Management Inc. will collectively pay $75,455,098.74 into a settlement fund and change their practice of cold-calling customers' cellphones, according to documents filed in Illinois federal court. If approved, Capital One will pay $73 million into the fund, Leading Edge will pay almost $1 million, AllianceOne will pay $1.4 million, and CMS will pay over $24,000.
According to court documents, the settlement class consists of all people in the US who received a phone call from Capital One' automatic telephone dialing system to a cellphone in an effort to collect on a credit card debt from January 2008 to June 2014. Additionally, people who received calls from participating vendors from February 2009 to June 2014 are also eligible class members.
Capital One and the defendants do not admit liability. A final hearing is scheduled for December 2014.
The case is In Re: Capital One Telephone Consumer Protection Act Litigation, case number 1:12-cv-10064, in the U.S. District Court for the Northern District of Illinois.
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