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Disgruntled Shareholders File Yet Another Suit Against Creditrust Execs

Another class action lawsuit was filed against executives at Creditrust Corp. for allegedly providing false financial statements to the public and inflating its reported financial results.<@SM><@SM><TAB>The Woodlawn-based company, which purchases delinquent credit card accounts and earns money by collecting on them, has been embroiled in several lawsuits over the past year and filed for Chapter 11 bankruptcy protection on June 22 after it could not pay off its own outstanding debt.

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