The E-Sylum:  Volume 8, Number 29, July 10, 2005, Article 12

FREEDOM TOWER "COIN" CLASS ACTION SUIT FILED

Jeff Schwartz writes: "I ran across your article on the Freedom
Tower Silver Dollar. I work for a law firm that is planning to file
a class action lawsuit against the company. If you or any of your
readers purchased one of the coins, we can help. My email address
is: miller4law at msn.com "

We first discussed this topic in The E-Sylum v7n46 (November 14,
2004). Here's a link to the original press release from New York
Attorney General Eliot Spitzer's office: Full Story

On July 5th, the South Jersey Courier-Post reported that a different
law firm has already filed a class action suit in the matter:

"A federal judge in the Southern District of New York has given
class action status to a lawsuit filed by a Burlington County man
who claims he was defrauded and tricked into the purchase of
"Freedom Tower Silver Dollar" coins."

"In advertising, the $1 coin was described as made of pure silver
recovered from ground zero at the World Trade Center. It also
was described as "a legally authorized government issue silver
dollar" that was legal tender in the U.S."

"The lawsuit describes the advertising campaign as "a shameless
attempt to profit from a national tragedy."

"Instead of being made of pure silver, Spitzer said in court
documents, the medallion is an inexpensive metal alloy plated
with one ten-thousandth of an inch of silver. Its value is about
1.4 cents, Spitzer said."

Full Story

  Wayne Homren, Editor

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