Southeast Financial Credit Union has become ensnared in the New York attorney general's case against an Indianapolis company that sells study guides. AG Eric Schneiderman is accusing The College Network of using false and deceptive business practices.
The suit alleges that The College Network charged consumers approximately $500 for each study guide and required prospective students to purchase upfront guides for every course they would need to earn their degree from Excelsior. In many cases, the total cost of the network’s program exceeded $10,000, which forced most consumers to accept the financing offered by The College Network. In addition, in many cases, the network did not disclose that the loans were being provided by Southeast Financial Credit Union.
A spokesman for the Franklin-based credit union, which has about $450 million in assets and last year posted a net loss of $3.1 million, says the institution shouldn't be a co-defendant in the case against The College Network. Read more here.
In the wake of a domestic assault arrest that led to a controversial decision by a judge, developer David Chase has filed a federal lawsuit against the Metro Police Department.
Chase's lawsuit claims that his former girlfriend, Lauren Bull, was friends with at least one of the police officers who arrested Chase and "officers may have participated for purposes of furthering personal agendas relating to Bull."
The lawsuit, filed by Chase's attorneys Philip Robertson and J. Thomas Smith, alleges that Metro police Chief Steve Anderson, in a seven-page letter critical of Moreland's intervention that was widely reported by local media, "recklessly published false and defamatory statements concerning Mr. Chase." Anderson is not named in the lawsuit.
The lawsuit is seeking a jury trial and an unspecified amount in punitive damages.
A Winchester man is suing boxer Manny Pacquiao and the promoters of his recent fight against Floyd Mayweather Jr., alleging fraud in the "Fight of the Century."
Attorneys for Sean Michael Crabtree filed suit in the U.S. District Court for Middle Tennessee this week, claiming that Pacquiao — who lost the fight by decision — and the promoters failed to disclose a shoulder injury, for which he had surgery four days after the fight. In fact, Pacquiao's "adviser" Michael Koncz, a named defendent in the suit, has said he has advised the boxer to retire because of the nagging shoulder injury.
It is now known that Pacquiao was suffering ahead of the fight and its alleged — in the suit and elsewhere — that he and his team failed to disclose the injury in a pre-bout questionnaire to the Nevada State Athletic Commission, as required by law. One of Pacquiao's sparring partners said Pacquiao had been injured for weeks.
Crabtree is alleging fraud, unjust enrichment and various violations of Tennessee law and is seeking restitution of the pay-per-view fees for himself and a later-to-be-certified class.
Among the more interesting factual claims in the suit is that eccentric former champion Mike Tyson declared the underwhelming fight "The Dud of the Century." The suit, however, does not offer an opinion on Mayweather's negative, unattractive style of boxing, which also contributed to a less-than-satisfactory viewing experience — though one could argue that a reasonable person who had ever watched any of Mayweather's other fights should have known what they were getting into.
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