Attorney General Bondi Obtains Temporary Injunction Against Deceptive Debt Management and Credit Repair Companies

TALLAHASSEE, Fla.—Attorney General Pam Bondi obtained a preliminary injunction against Financial Help Services, Inc., Nation Wide Consumer Debt Relief, Inc. and Bobby Blackmon over allegations that the defendants falsely promised to assist consumers lower their debt and improve poor credit. The complaint and temporary injunction filed by Attorney General Bondi alleges the defendants accepted payments from consumers but did not make promised payments to the consumers’ creditors on time, or sometimes even at all.
“These companies promised help and relief but all consumers received was heartache and more debt,” said Attorney General Bondi. “Even worse, the defendants targeted consumers who were proactively trying to lower their debt and improve their credit.”

According to the complaint and temporary injunction, when consumers inquired about why payments to creditors were not paid, the defendants provided fake invoices claiming that debts were paid. The defendants also told some consumers that it was the creditors’ fault and that the payments had been made, but just not posted yet. As a result of defendants’ failure to make payments, consumers’ credit scores dropped and penalty fees continued to increase.

The defendants also deceptively promised financial counseling services that were never provided. To date, the Florida Attorney General’s Office received more than 470 complaints about the defendants. The court also granted the Attorney General’s motion for a court-appointed third party to manage consumers’ funds until the case is resolved. The complaint seeks restitution for the complainants of more than $500,000, attorneys’ fees, and that the defendants are permanently prohibited from offering debt management and credit counseling services in Florida.

To view the complaint, click here.

Attorney General Bondi’s Consumer Protection Division is the civil enforcement authority for all violations of the Florida Deceptive and Unfair Trade Practices Act. The Division protects Florida consumers by pursuing individuals and entities that engage in unfair methods of competition or unconscionable, deceptive and unfair practices in any trade or commerce. The Division also often partners with other state attorneys general, other state agencies, and the federal consumer protection enforcement agencies in joint enforcement efforts. Since 2011, the Division has resolved more than 550 matters and generated more than $10 billion in recoveries. Approximately $9.8 billion of that total has been scheduled or has already been returned to the benefit of Floridians


Law Firm Files Securities Fraud Class Action Has Been Filed Against Edison International – EIX

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WILMINGTON, Del., Aug 06, 2015 

Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announced today that a securities fraud class action lawsuit has been filed in the U.S. District Court, Southern District of California, on behalf of investors of Edison International EIX, +1.24% (“Edison” or the “Company”) that held shares between July 31, 2014 and June 24, 2015 (the “Class Period”). If you purchased Edison securities during the Class Period, you may, no later than September 4, 2015, request that the Court appoint you lead plaintiff of the proposed class.
A copy of the complaint is available from the Court or from Andrews & Springer LLC. If you would like to join the class action, please visit our website or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook – www.facebook.com/AndrewsSpringer for future updates.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

The lawsuit alleges that Edison made false and misleading statements about the Company’s business, operational and compliance policies. In particular, the complaint alleges that: (i) Edison’s ex parte contacts with the California Public Utilities Commission (“CPUC”) decision makers were more extensive than the Company had reported to CPUC; (ii) that belated disclosure of Edison’s ex parte contacts with CPUC personnel would jeopardize the Company’s $3.3 billion dollar San Onofre Nuclear Generating Station (“SONGS”) Settlement; and (iii) as a result of the above, the Company’s financial statements were materially false and misleading at all relevant times.

On June 22, 2015, the law firm Strumwasser & Woocher released an independent report commissioned by the CPUC in connection with a review of ex parte meetings between utility lobbyists or executives and CPUC decision makers (the “Strumwasser Report”). The Strumwasser Report described such ex parte meetings as frequent, pervasive, and at least sometimes outcome-determinative, and recommended banning them altogether in rate cases.

On June 24, 2015, the Utility Reform Network (“TURN”) filed an application with the CPUC that charged Edison’s largest subsidiary, Southern California Edison (“SCE”), with fraud by concealment and urged the CPUC to set aside the SONGS Settlement and reopen its investigation.

As a result, Edison executives caused Edison securities to trade at artificially inflated prices by improperly concealing this information.

On this news, shares of Edison declined $1.56 per share or over 2.70%, to close at $56.07 on June 24, 2015.

If you wish to serve as lead plaintiff, you must move the Court no later than September 4, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook – www.facebook.com/AndrewsSpringer for future updates.

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.

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