Berns Weiss Announces Formation of Digital Money Practice Group

Berns Weiss LLP, a nationally recognized class-action law firm, has launched Digital Money Practice Group. This digital money community will be supported by the law firm in developing beneficial products for use by consumers in financial transactions.

At the same time, the Digital Money Practice Group will work with consumer protection organizations and other entities to create necessary consumer protection safeguards.

“After having seen the destruction the current financial system has caused on good, hard working Americans, I firmly believe that Digital Money is going to be the manner in which we stop allowing our interests to come second to that of the financial industry,” said Jeffrey Berns, managing partner of Berns Weiss, in a statement.

Berns added that digital money is something that Progressives, Democrats, Independents, Republicans and Conservatives can all support.

“Digital money is more efficient than the current system, because it eliminates barriers and reduces waste, allowing vendors both small and large to save 2-3 percent a year in transaction costs, which means they can lower the costs of the products we purchase, give their employees a raise, or provide additional returns to their stock holders,” said Berns.

Berns Weiss, led by partners Jeffrey Berns and Lee Weiss, is a leading class action law firm with offices in New York and Los Angeles. The company employs state-of-the-art technology to investigate, prosecute and bring cases to a conclusion. 

Both the partners are both well-known for pursuing claims against financial institutions on behalf of consumers, having recovered over two billion dollars in relief on behalf of consumers throughout their professional careers.

“While working to ensure that regulators police entities that take advantage of consumers using digital money, the Digital Money Practice Group at Berns Weiss is also prepared to file class-action lawsuits against entities who are allegedly mishandling consumer’s digital money,” said Lee Weiss.