Back in 2010 a bunch of debt settlement employees filed suit against ABC Debt Relief, The Debt Answer, Lloyd Ward, Lloyd Ward & Associates, and Lloyd Regner for wages owed. You can read more about that suit and its X-rated allegations, here.
According to files just sent to me by a tipster (send in your tips here), the case has ended in a final judgment against the companies who now have a judgment to pay out $346,844 in back pay to Plaintiffs, $12,471 in court fees, and $433,874 in attorney fees. – Source
The case was heard before a jury in September of 2013 and the jury returned a verdict in favor of the Plaintiffs. The jury found that ABC Debt Relief, The Debt Answer, Lloyd Ward and Lloyd Ward, PC” willfully violated the Fair Labor Standards Act and did not act in good faith.” The jury found Lloyd Regner did not willfully violate the FLSA and did act in good faith.
Since that time there have been more motions back and forth but on April 9, 2014 a final judgment was entered in this case.
Regner was not liable for additional damage awards to Plaintiffs but was ordered to pay $165,305 of the $366,493 awarded to employees. – Source
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.Things Wrapping Up in Lloyd Ward, Lloyd Regner, and ABC Debt Relief Case by Steve Rhode