Consumer Law
Consumers Legal Remedies Act
Unfair Competition
Angelo Bottoni, Paul Roberts, Tracie Serrano and Shawnee Silva and all others similarly situated v. Sallie Mae Inc., and Does 1 through 1,000 inclusive
Published: Jul. 27, 2013 | Result Date: Jul. 11, 2013 | Filing Date: Jan. 1, 1900 |Case number: 4:10-cv-03602 Settlement – $76,000,000
Court
USDC Northern
Attorneys
Plaintiff
Ray E. Gallo
(Gallo LLP)
Dominic Valerian
(Gallo LLP)
Defendant
Facts
Angelo Bottoni, Paul Roberts, and Tracie Serrano filed a class action against SLM Corp. and Sallie Mae Inc. alleging violation of California Civil Code Section 1671, the Consumers Legal Remedies Act, Unfair Competition Law, breach of contract, and seeking declaratory relief. The complaint concerned the defendants' allegedly unlawful practice in collecting student loan debts. Student loan borrowers accused the loan giant of unlawfully slapping a 25 percent collection cost fee onto defaulted loans.
Result
Sallie Mae agreed to settle the matter for $76 million.
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