Ally petitions U.S. Supreme Court to dissolve class action
A Missouri Supreme Court verdict in a case that started with a dispute over a vehicle repossession could have far-reaching implications beyond the auto lending industry. Legal experts say the ruling could open the door for consumers from multiple states to form class-action lawsuits against any business, even if the laws from the various states differ from those in the state where the plaintiff resides. The Missouri high court affirmed a lower court's certification of a class in the dispute.
Ally Financial Inc., one of the largest U.S. auto lenders, filed a petition Aug. 14 to the U.S. Supreme Court to review Ally Financial vs. Alberta Haskins, et al., a conflict that began when Missouri residents Alberta Haskins and David Duncan defaulted on an auto loan with Ally for a used 2006 Chevrolet Colorado.