On August 26, 2015, the Hon. Gary Oxenhandler, state court judge in Columbia, Missouri, granted a motion to certify a class of Missouri borrowers with consumer claims against Cavalry Investments, LLC, and appointed Teske Katz Kitzer & Rochel as Class Counsel. Partners Vildan Teske and Marisa Katz are litigating this class action lawsuit along with the Missouri law firm of Angle Wilson Law LLC.
The class action lawsuit involves the sale of service contracts by certain auto dealers to consumers that require the consumers to use fluid additives before the protections of the contracts kick in. The plaintiff class alleges that these contracts are insurance products that are being sold illegally, and that, as a result, the debt buyers that purchased these faulty loans are collecting on the loans illegally and taking advantage of consumers in violation of the law.