Neil Smith of The Smith Law Firm, LLC, reached a class-wide settlement on behalf of the class of people who paid We the People of Greater St. Louis Incorporated to prepare legal documents. Defendants in the lawsuit included Dollar Financial Corp. (NASDAQ: DLLR), We the People USA, Inc., and We the People of Greater St. Louis Incorporated. The plaintiffs sought actual and punitive damages under the theories of unauthorized practice of law, money had and received, and violations of the Missouri Merchandising Practices Act.
The plaintiffs entered into settlement negotiations only after two of the three defendants became insolvent and ceased doing business. The primary defendant, We the People USA, Inc., also filed a voluntary bankruptcy petition during the proceeding. Class members received payments ranging from $50 to $1,000, and all payments were funded by Dollar Financial Corp. Nearly nine hundred class members received notices, and no class member objected to, or elected to opt out of, the terms of the settlement. For more information please contact our office or see Philip H. Jones, et al. v. Dollar Financial Corp., et al., 09SL-CC04715.