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ADVERTISEMENT Calif. Stores Not Owed Defense Of Fraud Suit, 9th Circ. Says Law360 (April 15, 2021, 6:43 PM EDT) -- The Ninth Circuit affirmed Thursday that a California law barring insurance for unfair competition actions relieved a Starr Insurance Cos. unit from having to defend the operator of the Curacao retail chain against the state's claims that it engaged in predatory business tactics, spurning the retailer's argument that the law is unconstitutional. A unanimous three-judge panel of the appellate court left intact a California federal court's ruling that Starr Indemnity and Liability...

By City News Service Mar 10, 2021 LOS ANGELES (CNS) - California Attorney General Xavier Becerra today announced a $10.5 million partial settlement with Southland retailer Curacao, resolving multiple allegations that the chain deceived and unlawfully profited from its largely Latino customer base. Curacao owns and operates nine department stores in Southern California and actively markets to low-income, immigrant Latino consumers. The settlement includes $10 million in debt relief for consumers who were harmed by Curacao's alleged conduct. It also includes additional debt forgiveness for cus...

The Curacao retail chain has agreed to pay $10.5 million to partially settle a lawsuit brought by the California attorney general’s office alleging that the company exploited its customer base — largely Spanish-speaking immigrants — through misleading advertising, unlawful fees, illegal debt collection and abuses of the small-claims court system. State lawyers filed suit in 2017 against Curacao’s parent company, Adir International, and its chief executive, Ron Azarkman, charging that the stores had for years targeted low-income Latinos who lacked access to traditional sources of credi...