The law firm of Sabatini and Associates, LLC was recently retained in a corporate dispute between a minority member and the Limited Liability Company. The firm represents the minority member who is being forced out.
A class action lawsuit has been filed against Chase Bank USA, N.A. after the credit card issuer more than doubled minimum monthly payments and imposed an “Account Service Charge” on customers who had accepted its fixed-rate balance transfer offers.
The class action complaint alleges that Chase induced preferred customers to take out sizable balance-transfer loans by offering 2.99% to 4.99% promotional rates that would remain fixed for the life of the loan. It is alleged that after soliciting these long term loans – and charging transaction fees of up to 3% of the loan amount – Chase implemented a “forced loan modification program” to coerce consumers to surrender the benefit of their fixed promotional rates.
Chase has recently notified customers that unless they pay off their entire loan balance within 30 days or accept a higher annual rate, Chase will more than double their required minimum monthly payment and charge a $10 fee for each month that the loan remains outstanding.
Joe Satriani filed a copyright infringement suit in Los Angeles last Thursday (December 4). He is seeking a jury trial, damages and “any and all profits” attributable to the alleged copyright infringement. He is alleging that Coldplay’s Viva La Vida track is a rip off of his song If I Could Fly.