|Idealism Fuels Langer & Grogan's Hybrid Practice
of Commercial and Public Interest Law
BY LARRY TEITELBAUM
1 - 2 - 3 - 4 - 5 - 6 - 7 - 8
For several years, payday lender Cash Today earned hefty revenues
by loaning money — at 500 percent APR — to poor people
in Philadelphia and the surrounding area. But the company suffered
a change in fortune a few months ago, and now finds itself
on the receiving end of a most unexpected payback: bankruptcy.
|Langer & Grogan finds satisfaction — and profit — in blend of commercial and public interest law. From left to right: John Grogan, L'93;
Howard Langer, L'77; and Ned Diver, L'99.|
Cash Today was sued by Langer & Grogan and Community
Legal Services with support from Fine, Kaplan & Black.
They filed suit against Cash Today in 2005 on behalf of 10,000
Pennsylvanians. Within two weeks, Cash Today had filed for
bankruptcy and today all of its stores are closed.