NYC Debt Attorneys Defending You Against
Crown Asset Management, LLC
The Langel firm will defend consumers against New York state court collection lawsuits brought by Crown Asset Management, LLC. In appropriate cases, we may investigate claims against Crown Asset Management, LLC for violations of the Fair Debt Collection Practices Act, Fair Credit Reporting Act, and other applicable laws.
As of September 2013, Crown Asset Management, LLC has filed at least 610 cases in Queens County alone. Crown Asset Management, LLC is mainly represented by Nudelman, Klemm & Golub, P.C. and Mel S. Harris & Associates, LLC.
Crown Asset Management, LLC purchases defaulted consumer debt to collect and sue on them.
Federal Court Grants Motion to Certify Class Action Suit against Crown Asset Management, LLC
In Randolph v. Crown Asset Management, LLC (N.D. Ill. 2008), a plaintiff sought class certification in a suit alleging violations by Crown Asset Management of the FDCPA and Illinois state laws. The federal court granted the plaintiff's motion for class certification.
Crown Asset Management, LLC filed suit against the plaintiff in state court, alleging that the plaintiff "utilized a charge account and/or line of credit" which he failed to pay. In federal court, the plaintiff alleged that Crown Asset violated Illinois state laws and the FDCPA by "filing collection actions on purported debts to which it did not have lawful title," "fraudulently pretending to be a holder in due course, and in acting as a collection agency without a required license from the State of Illinois." The plaintiff sought to bring its claims against Crown Asset on behalf of other similarly situated individuals.
Under Rule 23(a) of the Federal Rules of Civil Procedure, a class may be certified where: 1) the class is so numerous that joinder of all members is impracticable, 2) there are questions of law or fact common to the class, 3) the claims or defenses of the representative parties are typical of the claims or defenses of the class, and 4) the representative parties will fairly and adequately protect the interests of the class. The court found that plaintiff satisfied all of these requirements for class certification.
Under Rule 23(b)(3) of the Federal Rules of Civil Procedure, a plaintiff must show that "questions of law and fact common to class members predominate over any questions affecting only individual members, and that a class action is superior to other available methods for the fair and efficient adjudication of the controversy." The court found that plaintiff's claims share a common factual basis, and, therefore, "a ruling from the court [would] make a legal determination applicable to all class members." The court further held that a class action suit would be "particularly appropriate" for an action involving Illinois state law and the FDCPA.
Accordingly, the court found that plaintiff demonstrated that the proposed classes satisfied the requirements of both Rule 23(a) and Rule 23(b)(3). The court thus granted plaintiff's motion for class certification against Crown Asset for violations of Illinois state law and the FDCPA, and urged the parties to "reevaluate their settlement positions…[and] exhaust all efforts to settle this case."
Crown Asset Management, LLC Biographical Information
Crown Asset Management, LLC is a foreign limited liability company incorporated in Georgia and is principally located at 3100 Breckinridge Boulevard, Suite 725, Duluth, Georgia, 30096. Crown Asset Management, LLC is licensed (#1314533) by the Department of Consumer Affairs to collect debts in the City of New York.