Our firm recently settled a class action lawsuit involving refunds of unearned premiums for persons who purchased credit insurance using a single premium but who paid off the insured loan early.

On Friday, May 7, a jury in Hale County returned a verdict against Whirlpool Financial National Bank, now known as Transamerica Bank, in the amount of $580,975,000. The verdict was awarded to Barbara Carlisle and George and Velma Merriweather.

In February 1995, a telemarketer from Gulf Coast Electronics contacted Barbara Carlisle and offered here an 18 inch RCA satellite dish with no down payment and installation costs built into the monthly fee. The telemarketer allegedly told Carlisle her payments would be $34 per month for three years.…