A class action lawsuit has been filed against Georgia Cash America claiming the company made improper Payday Loans and charged interest and fees on these loans at amounts higher than what the state law allows. The case is entitled Greene, et al. v. Georgia Cash America, Inc., et al and is in the jurisdiction of the State Court of Cobb County Georgia Courthouse. Cash America claims they did nothing worng but has agreed to a $36 million settlement in order to drop the case. A fairness hearing will be held on Jan. 16, 2014 to determine of the $36 million settlement amount is fair and reasonable. Class members are not required to attend. The hearing will take place at 12 E Park Square in Marietta, Georgia at Courtroom 4C. Class members will be represented by Roy Barnes, John R. Bevis and J. Cameron Tribble from THE BARNES LAW GROUP, LLC. Class members in the Geiorgia Cash America Settlement are defined at anyone in the state of Georgia who obtained a Payday Loan of $3,000 or less that was originated, marketed or serviced by, through or on behalf of the Defendants from October 9, 2001, separated into the following subclasses
- (a.) All persons whose Payday Loans were originated, marketed or serviced by, through or on behalf of Defendants from the period of October 9, 2001 through May 14, 2004;
- (b.) All persons whose Payday Loans were originated, marketed or serviced by, through or on behalf of Defendants on and after May 15, 2004; and
- (c.) Any other group(s) of persons the Court may deem necessary to define or distinguish.
In order to receive part of the settlement class members must file timely claims by January 14, 2014. Claims forms can be found online or requested by mail. The deadline to object to the settlement amount is set as 12/30/13/. The lawyers representing the class members will be asking for $12,000,000.00 out of the $36,000,000.00 settlement pot.