NEW YORK, March 3, 2005 (PRIMEZONE) -- The law firm of Seeger Weiss LLP, a nationally recognized complex class action firm, announced that it filed a lawsuit today in the U.S. District Court for the Southern District of New York against Dell, Inc. ("Dell") (Nasdaq:DELL), Dell Financial Services L.P. ("DFS") and CIT Bank, Inc. ("CIT") on behalf of consumers who financed the purchase of Dell electronics through DFS. Dell representatives told consumers that they qualified for low-cost financing and then switched them to unfavorable, exorbitant interest rates. The complaint seeks national class action status and accuses Dell of violating New York false advertising and deceptive acts and practices statutes that are intended to protect consumers. A copy of the complaint filed in this action is available from the Court or by contacting counsel below.
The complaint alleges that Dell lures consumers into financing their purchases with DFS by leading them to believe that they are approved for low rates of 0% or other favorable promotional terms and then switches consumers to significantly less favorable financing. Then, unsuspecting consumers receive statements with hidden fees, late charges and excessive interest rates. The complaint alleges that when consumers contact Dell, they are given the run around and don't receive answers; rather, what they get are threatening calls and letters from debt collectors asking them to pay up.
Additionally, numerous consumer complaints have been placed on the internet accusing Dell of engaging in a "bait and switch" scheme where Dell advertises low-priced products for sale but the consumers are baited into buying costlier versions of the advertised products or receive a sub-standard product, depending on Dell's inventory at the time of the order. Seeger Weiss LLP is currently investigating these allegations.
If you would like additional information about the case or would like to share information, you may contact the below attorneys.