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Old 08-11-2015, 02:24 PM   #1
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ACC Warranty Class Action

To everyone who was involved in the lawsuit filed by the Indiana Attorney General against Stephen Burgess, ACC Warranty, there's good news and bad news.
Good News: The attorney general won a judgment in the amount of $1.3 million against Burgess on behalf of the class.
Bad News: This was a default judgment which means Burgess never bothered to reply to the lawsuit. So, if you were a named plaintiff getting your settlement $$ will probably be like or getting blood from a turnip.
It's still rather satisfying just knowing we got the judgment against him.
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Old 08-11-2015, 02:34 PM   #2
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Huh huh. All $9.63 of it after attorney fees. Class action lawsuits are such a joke.
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Old 08-12-2015, 11:27 AM   #3
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Well, ACC is an Indiana company, so the state can shut them down if they fail to honor the judgment. Whether there is any moneys to be had is another story - bankruptcy is a common result of a big court judgment like this. ACC is just a sales agency for extended warranty contracts, so they probably have almost no assets.

I couldn't find any recent news online about the lawsuit though.
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Old 08-12-2015, 07:12 PM   #4
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But if the company fails to comply with judgement is there any chance of the principles re-grouping at the gray bar Inn (prison) sadly no.. But that is what is needed,, Some quality contemplation time (and of course a bill you have to pay for your room and board before you check out).
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Old 08-14-2015, 11:55 AM   #5
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Nobody goes to prison over a civil suit - no laws were broken. Just a contract. You can't put a company in jail anyway and most of these guys are smart enough to form legal entities rather than proprietorships, so they have no personal liability. When companies get a huge lawsuit they can't afford to pay off, they just declare bankruptcy. And start a new company the following week. Hard to do much unless you can show actual criminal fraud, and that's much harder to prove than a contract violation. All our legal protections kick when it becomes a criminal matter.
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