Brookline Bancorp Announces Receipt of a Purported Class Action Complaint.BROOKLINE Brookline (br  k`līn), town (1990 pop. 54,718), Norfolk co., E Mass., a suburb adjacent to Boston; settled 1630s, set off from Boston and inc. 1705. , Mass. -- On February 28, 2007, Brookline Bank (the
"Bank"), a wholly-owned subsidiary of Brookline Bancorp, Inc.,
received a complaint filed against it in the Superior Court for the
Commonwealth of Massachusetts Massachusetts (măsəch `sĭts), most populous of the New England states of the NE United States. (the "Action") by Carrie E.
Mosca. Ms. Mosca, an attorney, defaulted on a loan obligation on an
automobile that she co-owned. She alleges that the form of notice of
sale of collateral that the Bank sent to her after she and the co-owner
became delinquent delinquent 1) adj. not paid in full amount or on time. 2) n. short for an underage violator of the law as in juvenile delinquent. DELINQUENT, civil law. He who has been guilty of some crime, offence or failure of duty. on the loan obligation did not contain information required to be provided to a consumer under the Massachusetts Uniform Commercial Code. The Action purports to be brought on behalf of a class of individuals to whom the Bank sent the same form of notice in connection with transactions documented as consumer transactions during the four year period prior to the filing of the Action. The Action seeks statutory damages Statutory damages are pre-established damages for cases where calculating a correct sum is deemed difficult. In intellectual property cases (relating to copyright or trademark, for instance), it is often difficult for plaintiffs to determine the exact volume of infringement. , an order restraining RESTRAINING. Narrowing down, making less extensive; as, a restraining statute, by which the common law is narrowed down or made less extensive in its operation. the Bank from future use of the form of notice sent to Ms. Mosca, an order barring the Bank from recovering any deficiency from other individuals to whom it sent the same form of notice and attorneys' fees and costs. The Bank intends to vigorously defend the Action. Brookline Bancorp, Inc. is unable at this time to form an estimate of the loss, if any, that may arise from this matter. |
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