Rajagopalan, et al v. Meracord, LLC; Rajagopalan, et al v. Fidelity & Deposit Company of Maryland, et al
N/AOUTCOME: Default judgment against Meracord (bankrupt); Settlement against surety companies
The Paynter Law Firm filed multiple class-action lawsuits involving Meracord, LLC (formerly NoteWorld, LLC), a major player in the for-profit debt relief industry. Multiple lawsuits were filed by consu ... mers against Meracord and related entities alleging that Meracord conspired, along with scores—if not hundreds—of “front-end” debt relief companies, to defraud indebted consumers by falsely representing their services, the fees they would charge, and other important facts. A Washington Court certified a Class in the action and awarded damages, and the Class then pursued recovery against two insurance companies that issued bonds on Meracord’s behalf.
