By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN
SDNY COURTHOUSE, August 3 – A class action lawsuit was filed against Equitable Acceptance Corporation for fraudulently promising loan forgiveness of student loans, then not coming through.
On August 3, U.S. District Court for the Southern District of New York Judge Naomi Reice Buchwald held a final fairness hearing. Inner City Press covered it.
Plaintiffs' counsel proposed a settlement of $1 million, and described how people had been notified, including via text message.
Otherwise, they said, the defendant might not pay anything. Judge Buchwald agreed and approved the settlement.
The case is Williams et al v. Equitable Acceptance Corporation et al., 18-cv-7537 (Buchwald)
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