FOR IMMEDIATE RELEASE

CASH4GOLD SUED FOR MISCONDUCT

NEW YORK, October 14, 2009

Balestriere Fariello filed a class action lawsuit against Cash4Gold in the Central District of California alleging that Cash4Gold repeatedly “loses” the items sent, often claiming they never received the jewelry mailed to their facilities.  Cash4Gold also makes it impossible for customers dissatisfied with Cash4Gold’s appraisal of their jewelry to reject the offer and have their jewelry returned to them.

The class action, which is the result of an extensive investigation, was filed on behalf of a class of consumers whose jewelry was either lost in transit to Cash4Gold or, if jewelry was received, whose checks were systematically mailed too late for customers to request return of their jewelry within the return policy period.  The Complaint alleges that Cash4Gold knowingly and deliberately pockets the rewards from jewelry they either claim to never have received or severely undervalue, unjustly inflating its bottom line, and defrauding hundreds of thousands of customers dispersed across the nation.

“This case seeks to bring justice to thousands of Cash4Gold consumers,” said John Balestriere of Balestriere Fariello, “Cash4Gold defrauds its customers and must be held accountable for its actions.”

Balestriere Fariello is a trials and investigations law firm that represents individuals, companies, and institutions in criminal and civil matters in trial and appellate courts, regulatory proceedings, negotiations, arbitrations, and grand jury matters.  The firm is unique: unlike most firms, it combines a complex and sophisticated litigation background and hard-nosed negotiation experience with the willingness and ability to push cases to trial and win.  Its offices are located at 225 Broadway, Suite 2900, New York, NY 10007.  Please visit the Balestriere Fariello website (www.balestriere.net) for additional information about the firm.

Contact:
Balestriere Fariello
cash4goldcase@balestriere.net

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