Palisades Debt Collection Class Action Settlement

Class Members in a Palisades Collection class action settlement have been granted extra time to claim benefits from a $3.9 million settlement fund.

The settlement benefits persons who were sued in New York City Civil Court by Palisades Collection, in an attempt to collect outstanding AT&T Wireless debts. Palisades has agreed to stop attempting to collect the alleged debts, and Class Members from whom Palisades collected money on those debts can claim payment from the settlement.

Seven named plaintiffs in the Palisades Collection class action lawsuit claim Palisades Collection, its law firm Pressler & Pressler LLP, or Asta Funding Inc. engaged in a number of improper debt collection practices, violating federal and New York debt collection laws.

They accuse Palisades Collection of suing alleged debtors, even though they did not have evidence that the debtors owed the debt in question. They also claim Palisades Collection made false statements in court documents and failed to have a lawyer give their lawsuits a proper review before filing them.

Plaintiffs claim Palisades Collection failed to notify the defendants in many debt collection lawsuits that they were being sued, yet still told the court that they had given proper notification. These lawsuits resulted in judgments that the plaintiffs say were improperly won, yet Palisades Collection used these judgments to collect money from the defendants.

Palisades Collection and their related defendants maintain they did nothing wrong, and they admit no liability by entering into this settlement.

The $3.9 million settlement fund will mostly be used to make payments to Class Members from whom the defendants actually collected money. Class Members must submit a timely and valid Claim Form to get payment. Claim Forms must be printed and mailed.

The fund will also be used to pay a total of $19,000 to the named plaintiffs in recognition of their service as class representatives.

Palisades Collection agrees to stop collecting certain AT&T Wireless debts that have been litigated in New York City Civil Court. Class counsel will also attempt to get existing New York City Civil Court judgments vacated. Vacated judgments will no longer exist, and they won’t show up in court records or credit histories.

Class counsel will try to get these judgments vacated whether or not the Class Member submits a Claim Form. Any Class Member who does not want their judgments vacated must opt out of the settlement.

Class Members can object to the settlement or opt out by submitting a written request no later than April 3, 2018. (The original deadline of March 20, 2018 has been extended.) Class Members who opt out of the settlement won’t get settlement payments, they may be subject to further attempts at collecting any AT&T Wireless debts they may owe, and class counsel will not try to get any of their judgments vacated.

Who’s Eligible

According to the order granting preliminary settlement approval, the settlement Class covers “[a]ll individuals against whom actions to collect AT&T Consumer Debts were brought in New York City Civil Court by Pressler & Pressler, LLP, as counsel for Palisades Collection, LLC and/or Asta Funding, Inc., with the exception of individuals against whom Sold Judgments were entered.”

Potential Award

Individual payments will depend in part on how much money the defendants collected from the individual Class Member and the number of valid and timely claims received. A copy of the allocation plan can be found here.

Proof of Purchase

No proof of purchase or other documentation is requested, other than the information requested on the Claim Form. The form asks claimants to submit their Social Security number. Claimants who prefer not to submit their Social Security number can contact the settlement administrator to make other arrangements.

Claim Form

CLICK HERE TO FILE A CLAIM »

Claim Forms must be printed and mailed.

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

4/3/2018

The original claim deadline of March 20, 2018 has been extended to April 3, 2018, according to the settlement website.

Case Name

Mayfield, et al. v. Asta Funding Inc., et al., Case No. 1:14-cv-02591, in the U.S. District Court for the Southern District of New York

Final Hearing

4/10/2018

Settlement Website

www.PalisadesPresslerSettlement.com

Claims Administrator

Mayfield Class Action Settlement
c/o RG/2 Claims Administration LLC
P.O. Box 59479
Philadelphia, PA 19102-9479
Phone: (866) 742-4955
Fax: (215) 827-5551
info@rg2claims.com

Class Counsel

Meaghan Christina Gragg
Shannon Frank Green
Diane E. Lifton
HUGHES HUBBARD & REED LLP

Jane Greengold Stevens
Julia Grossman Russell
Danielle Feldman Tarantolo
NEW YORK LEGAL ASSISTANCE GROUP

Defense Counsel

Counsel for Palisades Collection and Asta Funding Inc.:
Aurora Cassirer
Stephen George Rinehart
Kevin Patrick Wallace
TROUTMAN SANDERS LLP

Counsel for Pressler & Pressler LLP:
Glenn M. Fjermedal
DAVIDSON FINK LLP

Mitchell Lee Williamson
PRESSLER & PRESSLER LLP

Join a Free New York Unfair Debt Collection Class Action Lawsuit Investigation

If you live in New York and a lender or debt collector engaged in unfair debt collection practices, you may have a legal claim and could be owed compensation for violations of the Fair Debt Collection Practices Act (FDCPA).

GET A FREE CASE EVALUATION NOW