Author Archives: Michael J. Berger

The House Judiciary Subcommittee on Commercial and Administrative Law today weighed a bill to amend the Bankruptcy Code to allow private student loans to be discharged. Witnesses at the hearing today on H.R. 5043, the “Private Student Loan Bankruptcy Fairness Act of 2010,” included Deanne Loonin of the National Consumer Law Center, John A. Hupalo […]

United States District Court Judge Thelton E Henderson signed a 23 page Order today Granting KeyBank’s Motion to Dismiss Third Amended Complaint in the Northern District of California case entitled Matthew C. Kilgore et al. v KeyBank National Association, et al., Case No. C08-2958 TEH today. The judge dismissed the case with prejudice. This means […]

Someone opposed to the proposed class action settlement has asserted that the SLX SSH loans are no longer collectible because CIT Group (SLX’s parent company) has “written off” the SSH loans. This assertion is a false claim. I spoke with class counsel Andy August about this today. Here are his thoughts: “This assertion is not […]

Many of my clients reported receiving a strange letter stating that their loan was being sold by Student Loan Xpress, Inc. to Student Loan Xpress, Inc. My investigation shows that this letter was sent in error by AES and that it has no effect whatsoever on the proposed class action settlement agreement.

The hearing on the proposed class action settlement agreement took place on Monday, March 21 in Florida, but no ruling has been made yet. I spoke this week with Andy August of Pinnacle Law Group, one of the class counsel lawyers that attended the hearing on Monday. I also spoke with Robert Stone, one of […]

This is a status update for all of my clients with KeyBank loans. I have signed a confidentiality agreement with counsel for KeyBank and am renewing my attempts to negotiate a proposed settlement agreement that I can recommend to you. I do not have any such agreement yet. Meanwhile, Andy August of Pinnacle Law Group […]

I have noticed that the settlement administrator, counsel for SLX and class counsel have not yet resolved any of the disputes that have arisen so far regarding my clients’ ratings. Instead, my clients get e-mails back from [email protected] saying only that “we are investigating” or “the investigation is continuing.” Many of my clients are concerned […]

My last conference call on the SSH/SLX Class Action Settlement was a spirited one, with 135 participants! The vast majority have decided to take my advice and accept the benefits under the proposed class action settlement. Every day since then, I have answered numerous e-mails and spoken to many clients about the proposed settlement agreement. […]

I have set up a conference call for all of my SSH clients with questions about the proposed class action settlement for former students of SSH who were still enrolled @ SSH on February 4, 2008 and whose student loans are now owned by SLX. This conference call will take place from 1:00 – 3:00 […]

Class Action Counsel has posted a good set of class action frequently asked questions and answers @ https://www.jameshoyer.com/class_settlement.html These FAQs are updated periodically, and are also set forth @ https://www.pinnaclelawgroup.com/news/silver_state_faqs.php If you are a class member or potential class member and you want the secret password to access these FAQs, send an e-mail to [email protected].