MAYFIELD V. ASTA FUNDING, INC., ET. AL.

MAYFIELD V. ASTA FUNDING, INC., ET. AL.
CIVIL ACTION NUMBER 14 CIV. 2591
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

Distribution checks were mailed on July 5, 2018 to Class Members who filed valid Claim Forms. If you have not received your check by July 31, 2018, please contact the Settlement Administrator.

  • The case is about whether Defendants acted in unlawful ways in suing people in New York City Civil Court to collect on AT&T Wireless debts.  Defendants have agreed to settle the claims in the case.  But they deny that they did anything wrong or violated any laws, and the Court has not decided whether they violated any laws.
  • To be part of the settlement, you must have been sued in New York City Civil Court by the law firm Pressler & Pressler to collect money on an AT&T Wireless debt owned by Palisades Collection. You can check if you can benefit from the settlement by contacting the Class Administrator

The Court will decide whether to approve the settlement at a fairness hearing on April 10, 2018 at the United States District Court for the Southern District of New York, located at 500 Pearl Street, New York, New York in Courtroom 12A.  If the Court approves the settlement, you can get the following, if you do not opt out:

  • Money: Defendants will pay $3,900,000 into a Settlement Fund, most of which will be split among eligible Class Members. Only some Class Members will get money.  You can get money only if Defendants collected at least $10.00 from you, and you did not get it all back from them.  To receive money, you must also submit a Claim Form by March 20, 2018.
  • No More Collections: Palisades Collections will permanently stop collecting the AT&T Wireless debts that they sued the Class Members about in New York City Civil Court, and permanently stop collecting on any judgments they got against Class Members in these lawsuits. 
  • Possibility to Cancel (“Vacate”) Judgments: The lawyers representing the Class, called “Class Counsel,” will work with the New York courts to try to have the New York City Civil Court judgments canceled (“vacated”).  If that is successful, these judgments will no longer exist – they would not show up any more in public records or on your credit history. 

If you are a Class Member, your legal rights will be affected whether you act or do nothing.  Here are your choices:

  • Do Nothing: If you do nothing and the settlement is approved, you will give up your legal rights to bring claims against the Defendants about their collection of AT&T Wireless debts.  You will not get any money, even if you are eligible to get money.  But Defendants will stop trying to collect the debts from you and Class Counsel will try to get any such judgment against you canceled.   
  • Submit a Claim Form:  If you submit a Claim Form by March 20, 2018 and the settlement is approved, you will receive some money, if you are eligible.  You are eligible only if Defendants collected at least $10.00 from you, and you did not get it all back from them.
  • Objection:  You can tell the Court what you do not like about the settlement by sending a letter to the Class Administrator at Mayfield Class Action Settlement, c/o RG/2 Claims Administration, P.O. Box 59479, Philadelphia, PA  19102-9479 by March 20, 2018.  You can also hire a lawyer to make objections.  More instructions for submitted an objection can be found here.
  • Opt Out:  You can opt out of the settlement by sending a letter to the Class Administrator at Mayfield Class Action Settlement, c/o RG/2 Claims Administration LLC, P.O. Box 59479, Philadelphia, PA  19102-9479 by March 20, 2018.  If you opt out, you will not get anything from the settlement – you will not get any money, even if you are eligible, Palisades can continue to try to collect money from you, and Class Counsel will not try to cancel any judgment Defendants have against you.

This is only a summary of the proposed Settlement.  More details about the Settlement and the lawsuit are available in the Notice.  If you have any questions about the Notice or the Settlement, you should not contact Pressler & Pressler or Palisades Collection.  Instead, please see the Frequently Asked Questions or contact the Class Administrator