Re: Paxum. Any good lawyers in Canada? I am taking legal action against Paxum.
 

They have been owing me money ever since the TruCash fiasco 3 years ago and have been stalling me for all these years. Paxum is unfortunately absolutely unwilling to find a solution or negotiate a settlement before this goes to court.

I have been more than patient but it is time to take action now.

By the way, after the TruCash fiasco they lost their new processor again but this time opted to fully reimburse all their clients.

I don't see why I'm still waiting for my money from 3 years ago. The support ticket concerning this issue has grown to over 30 pages over the years.

Please PM me if you are a Canadian lawyer specialized in this field or if you can recommend a good lawyer. Money is not an issue.

Thanks and have a great day!

Paxum has been up and down for me.
I got an issue since June 11th which hasn't been resolved yet.
Anyway, good luck!

Good luck

Fight the good fight . . .

Even their P2P are getting delayed now.. What's wrong with Paxum?

Another Paxum success story.

:2 cents:

If you find legal representation, please us know, and roughly what legal rates/costs were involved.

The problem with legal action is that lawyers who specialize in certain law can end up eating the lion's share of what you are owed.

Lawyer in Canada will charge CDN $ 400 - 700/hour. To bring and litigate a case is a minimum 100 hours PLUS filing fees and office items. So you are looking at a minimum of 50 K CDN $$ to get anywhere. And I did say minimum.:2 cents:

you guys take this thread seriously? :1orglaughaccording to OP's previous posts he is owed $1,600 :pimp

you sure it was not frozen?

3 years ago and $1,600???

Move on and let it go if "money is not an issue".

:2 cents:

a lawyer will cost $2000 as a START fee, just to take your case

I have a couple hundred there I can not withdraw. I know the minute I ask them they will suspend the account needing new documents.

Stupid reasoning. What if he had invested it in crypto??

https://i.imgur.com/5jjFwN0.jpg

Advice ???

Yep. And that's the practical reality of "getting justice".

I wrote a popular mainstream industry vertical market software package back in the late eighties. Shortly afterwards, the publisher then created a derivative work using the lion's share of my data structures and code (essentially, he just gave the package a mouse-interface) and then he rationalized, contrary to copyright law and our royalties agreement, I was not entitled to royalties for version 1.001 of my work.

Years later, when I could afford, or though I could, I contacted an IP lawyer, who asked for $700 per hour with $3,000 retainer, just for me to get into his office.

So, litigating legitimate claims, is generally not worthwhile unless the claim is large enough.

Large corporations do however respond to risk of credible bad press. But they have the power of counter-suit, even though they have to pay extra for stationery, because it takes a quarter page to list their senior partners on the letterhead.

Would you mind sharing either by PM or here in the thread the amount owed you?

Without knowing the details, my first thought would be to reach out to Paxum's owner directly, giving him the opportunity to resolve this for you. Depending what is the complaint, you may want to file reports with police authorities in both your home country and in Canada.

If you are willing and able to identify other Plaintiffs that have similar issues with Paxum, by having them join you, the base cost of retaining legal counsel is then shared.

Should the original complaint have the possibility that it becomes a class action, legal counsel may accept the case on a lower retainer.

Good luck!

Stupid analogy. He didn't invest it in crypto. :upsidedow

His money is stuck in Paxum and he is going to sue to get it when a lawyer would cost more just to send a letter to Paxum let alone go to court over such a small amount. Here in the States that would go to Small Claims Court.

So people here are basically saying it's just $3k, lawyer fee is $6k.. forget about it?

Let's say the guy doesn't have any issues with time, effort and money, would you advice the same?

Some people don't care about "GP" (General Principle).
I do though.

:2 cents:

Well in that case I would advise do what you gotta do man. However, chances are both parties do not live in the same country. Then what? International lawsuits are even more expensive. And what if it goes to 20k? 30k? How far do you go over 'principle'?

Personally I like to apply any lessons learned or principles to my future dealings. :2 cents:

I believe that one must put in a reasonable faith effort to resolve matters personally. When the effort has been exhausted and not bared fruit, then it's time to lawyer up, as long as you can afford it.

There are several ways to approach this:

1. At the absolute minimum, the OP retains a lawyer for under 1000 USD, who will send a demand letter to Paxum stating that they have been retained to collect X monies owed. Such letters will allow the defendant to resolve the matter without going to court by paying the original money owed plus the initial out-of-pocket cost of retaining the lawyer.

2. Should the OP not successfully collect all the monies owed by way of that letter, the OP will need additional funds for the lawyer to prepare and submit a formal complaint with the court. In the complaint, the lawyer may ask the court to require the defendant to reimburse the OP for their legal expenses. Furthermore, the lawyer may ask for various damages to be added on: incidental, compensatory, consequential, punitive, nominal, and liquidated.

3. Same scenario as above, but should the OP find other Plaintiffs, they can share the expenses, and the case may convert to that of class action.

Many of you state that this case is "only" about X USD being owed the OP. The reality is, it can cost PAXUM substantially more to resolve it. Should this case be filed with the court, it becomes a public record. PAXUM may not want it to be public knowledge that others existed who also had issues with PAXUM.

The OP must be well organized and visually demonstrate by way of documents and orally articulation what their complaint against PAXUM is exactly.

Good luck!

A very good advise there!

However, things might get a bit complex when two parties are in different countries.
Anyway, to get you an idea how an international lawsuit might look like, the video below might be a good example. It is not related to anything mentioned above, and it's posted just to give you an idea how getting into an international lawsuit sometimes might not be worth it. Watch the video and see what was the final compensation for a copyrighted photo in the end (they sued for $40000 compensation). You would be surprised.



Not saying to discourage you from doing it, but try to get informed well before you get into it. In any case, I'm interested to see how the whole thing turns out. Good luck!

Correct me if I am wrong but all who had money on Trucash cards, had to follow a procedure and get reimbursed directly by the bank that issued them.

Did you do it and never got the funds?