ACC Warranty Class Action

[ranchgal]

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.

[akadeadeye]

Huh huh. All $9.63 of it after attorney fees. Class action lawsuits are such a joke.

[Gary RVRoamer]

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.

[wa8yxm]

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).

[Gary RVRoamer]

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.