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The Contingency

Insights on High-Stakes Business Disputes

Borrowers Can’t Rescind on Class Basis

By Barry Barnett on January 30, 2007
Posted in Uncategorized

Voidstamp

The First Circuit holds that debtors can’t rescind their loans on a class-wide basis under the Truth in Lending Act.  If you want to rescind, the court concludes, you must do it individually.  Opinion here.

Barry Barnett

Feedicon14x14_47 Subscribe now.  You can always rescind later.

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Barry Barnett, Partner in Susman Godfrey L.L.P.

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Barnett is a Fellow in the American College of Trial Lawyers, a partner in Susman Godfrey’s Dallas and New York offices, and a graduate of Yale University and Harvard Law School. With three decades of trial work representing both plaintiffs and defendants, Barnett is a master strategist in complex commercial litigation.

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