Class Action Against Ibill and shareholders
 

Why doesn't an industry attorney step up and do a class action against Ibill?

- Charge clients a flat fee of like $5000 (then you are paid upfront)
- Take a small percentage of damages or rewards
- It would be easy as hell to prove
- There are plenty of webmasters that could provide facts
- You would gain tons of clients by proving that you care about the industry as a whole. The webmasters and the customers.
- Since the what the Ibill shareholders did was illegal you could go after personal assets.

They are liable alone for illegally transferring customer data to etelegate and giving the webmasters info out and such.

:2 cents:

Maybe ibill doesnt have the assets to pay for any damages/fines this moment. I don't know.

It has been tossed around but never acted upon.

2c

forget the money, its time to send them in jail

Or better yet, send someone to break their legs

OK.. Needs some proving, but that is on the record already and hard to squirm out of.

Suspect that is the way iBill may go in the end - namely, personal liability of the board members and possibly conspiracy (or whatever the law is called) with others to trade while being insolvent and knowing that this will affect creditors - namely webmasters.

its a nice idea, but what if the case is settled and won and Ibill files bankruptcy? then everyones screwed. Wouldnt be the first time for a big company to pull this.

That's the reason I was throwing in personal liability thinkx.

Don't matter a toss if the company goes bust - the officers of the company still have a case to answer (forgetting any possible criminal acts) under certain corp laws where their is a legal obligation to act for shareholders and also not to the detriment of creditors. Company officers can and are held personally liable for any misconduct. Can't remember which state iBill was incorporated, but chances are that state has corp laws in common with most others.

In the instance of iBill where there is, most probably, an intent to throw everything into a melting pot and deliberately confuse the issue and where this involves parties who claim not to have involvement - poss the best course of action is conspiracy - tho that's criminal and not likely to result in creditors being paid.

Ibill .......... dont ......... have .......... the fucking .......... money.

What fucked this company up? Their ignoring the FirstData threat to pull out. Everything else was a downhill chain reaction from webmasters jumping ship and the management who fucked up in the first place stealing their customers. People are so fucking stupid it's just not funny.

They have lots of money, read on...
LAS VEGAS--(BUSINESS WIRE)--June 1, 2006--LitFunding Corp. (OTCBB: LFDG) announced today the consummation of a marketing agreement between Interactive Brand Development (IBD) and LFDG's newly acquired wholly owned subsidiary, Easy Money Express Inc. The agreement states IBD will provide Internet marketing to its vast customer base directing potential loan customers to Easy Money. IBD will also provide services and methods for providing customers with a debit card system for funding loans and further provide ancillary services and products to its customers.

The full article is located here http://home.businesswire.com/portal/... 3&newsLang=en

Dont let them tell they have no money, sue the mother fuckers