LOS ANGELES – The largest law firm in California that specializes in representing credit unions has taken on the case of five credit unions who charge, among other things, breach of contract against a major auto auction company that allegedly reneged on written agreements to pay the credit unions a stipulated price if it was unable to sell their repossessed vehicles in a stated number of days and caused the credit unions to suffer significant losses.

Barry Smith, Esq. and Jennifer A. Smith, Esq. of Buchalter, Nemer, Fields & Younger filed the complaint Dec. 19 in Superior Court of the State of California on behalf of plaintiffs Glendale City Employees FCU; Kern Central CU; Marion & Polk Schools CU; Fresno Police Department CU; and Colton School Employees FCU.

All of the credit unions except for Marion & Polk Schools CU, are located in California. MAPS CU is headquartered in Salem, Ore., but the vehicle in question was in California, which is why MAPS joined the complaint.

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