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NorVergence Happy Holidays by Kit Menkin As we officially begin the holidays after Thanksgiving tomorrow, the goal of getting more state attorney general's involved continues to grow. From the very beginning, the various NorVergence ex-customer listserves have been sending out addresses, asking all to contact their state attorney general. It seems 20 legitimate complaints gets attention, and over 100+ get action, as Florida, Illinois, and New Jersey have filed suits, requesting leasing company's to halt collection of lease payments regarding NorVergence related contracts. Evidently Colorado has decided not to move ahead, California does not have enough complaints, New York is thinking about it, and rumors that Michigan was investigating appears to be “high hopes,” perhaps.. Headlines that “Michigan Attorney General Mike Cox is the latest regulator to launch an investigation into the Norvergence matter...The investigation comes after the Federal Trade Commission filed a lawsuit against the Newark, N.J-based company and several finance companies” brought this response: “I am sorry Kit. This was a response from a media call that was placed to our office. “If there is something you'd like to know or a specific question I can answer - I sure will try. Please call or email and I will try and help. “Thanks. “Make it a great day.” Sincerely, The attorney general of Massachusetts filed a complaint against NorVergence filed 11-22-04 in Massachusetts state court, Suffolk County, according to Karlen J. Reed, Assistant Attorney General 200 companies in pacts to rent worthless device copy of filing: On Monday Leasing News reported that the nationwide class action suit headed by Michael Green had formed an alliance with five statewide class action suits. Their hope is in numbers they can dispel “hell and high-water” leasing contracts with other considerations. There are a number of issues involved from private label “representations and warrants,” procedure, due process, coercion, false statements classified as “lies” and “fraud.” “due diligence” by the leasing companies and perhaps “misrepresentations.” The lessees are hoping that the nuisance and costs involved will find the lessors more inclined to “write off” the lease as a bad investment, plus give the lessee the Christmas presentof not having to make any more leasing payments. Many would rather walk away than seek remuneration for what they have lost to date in business, energy, and perhaps out of pocket expense. Either way, it certainly is a “bad debt.” It's not going to be a Merry Christmas for those involved, except for those attorneys who were smart enough to obtain a retainer as it looks like it going to be a long ride to the finish. The next NorVergence bankruptcy hearing is on November 30 th , but the deadline for putting claims in is not until the end of the year, depending on the agencies and circumstances.
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