Sunday, March 11, 2007

Precious Metal Coin Dealers Lawsuit Doubles Plaintiffs (

Last month, 15 consumers from 10 states launched a $500-million lawsuit against a group of Texas coin dealers for fraud and deceptive trade practices. This month, the number of plaintiffs is set to double with the claim amount moving closer to $1 billion.

Attorney Jason A. Gibson of The Gibson Law Firm in Houston told RI that after the news hit the wire, he's received calls from across the country with complaints about the defendants.

"Since the news broke, I have signed up an additional 15 clients or so who invested at least another $5 million with the companies in Beaumont," he said. "I'm amending my petition this week or early next week to include the additional plaintiffs." . . .

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