| School Loan
Forgiveness Scam Has Class Action Settled
By Equitable For $1 Million
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
August 3 – A class
action lawsuit was filed
against Equitable Acceptance
Corporation for fraudulently
promising loan forgiveness of
student loans, then not coming
through.
On August
3, U.S. District Court for the
Southern District of New York
Judge Naomi Reice Buchwald
held a final fairness hearing.
Inner City Press covered it.
Plaintiffs' counsel proposed a
settlement of $1 million, and
described how people had been
notified, including via text
message.
Otherwise,
they said, the defendant might
not pay anything. Judge
Buchwald agreed and approved
the settlement.
The case is
Williams et al v. Equitable
Acceptance Corporation et al.,
18-cv-7537 (Buchwald)
***
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