The Latest on the DMS

7 Comments

So I know a ton of you were closely following our thoughts on the DMS bankruptcy.

I’ve had a request to take down some of the content for reasons that I think are pretty understandable, so I have done so.

For those of you wondering where the articles went– now you know why.

That being said, I have invited DMS to join our podcast to discuss status and their intention to stay in business, etc. They are socializing internally. Will see what they decide to do.

I’ll report on this gently moving forward. Lots of views here. I get it. But this is still a big story so expect some additional coverage.

Also will be addressing next week in Austin at Allstate Mega and in Chicago at LeadsCon Connect on the 25th. Good opportunity for discussion.

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Published by Eric "Czar" Troutman

The Czar of TCPAWorld Eric Troutman is one of the country’s prominent class action defense lawyers and is nationally recognized in Telephone Consumer Protection Act (TCPA) litigation and compliance. He has served as lead defense counsel in more than 70 national TCPA class actions and has litigated nearly a thousand individual TCPA cases in his role as national strategic litigation counsel for major banks and finance companies. He also helps industry participants build TCPA-compliant processes, policies, and systems. Eric has built a national litigation practice based upon deep experience, rigorous analysis and extraordinary responsiveness. Eric and his team feel equally at home litigating multibillion dollar telecommunications class actions in federal court as they do developing and executing national litigation strategies for institutions facing an onslaught of individual TCPA matters. They thrive in each of these roles – delivering consistently excellent results – while never losing sight of the client experience. While many firms now tout TCPA expertise, Eric has been there from the beginning. He built one of the country’s first TCPA-only defense teams and began serving as national TCPA counsel for his clients nearly a decade ago. This perspective allows him to swiftly develop the right litigation strategies for dealing with recurring problems, without wasting time on tactics that are bound to fail. Eric’s rich historical perspective and encyclopedic knowledge of the TCPA landscape also make him an invaluable resource to institutional compliance teams struggling to comply with the shifting regulatory landscape. No task is too small – or too big. Indeed, Eric and his team have helped build TCPA-compliant systems and processes for some of the largest and most complex corporate entities in the country. He commonly works with in-house compliance counsel to build and implement enterprise and business-line specific TCPA solutions, performs TCPA audits and drafts and reviews proposed TCPA policies and procedures. He and his team also have the technical expertise necessary to assist call centers seeking to develop TCPA-resistant call path architecture or to modify existing telephony and software integration to better insulate from potential TCPA exposure. Eric has built a reputation for thought leadership. An avid blogger and speaker, he has been at the forefront of the industry’s effort to push for clarity and a return to sanity for the TCPA for years. He was selected to advocate for the financial services industry on important TCPA issues before the Federal Communications Commission and co-authored the nation’s only comprehensive practice guide on TCPA defense. In his spare time, Eric leads defense teams representing banks and other financial services companies in consumer finance litigation matters. He has experience representing clients in UCC, TILA, RESPA FCRA, CCRA, CLRA, FDCPA, RFDCPA and FCCPA claims, as well as in fraud and bank operations issues.

7 Comments

  1. While the latest link you’ve furnished above features the DMS PR Dept comms, it does shed additional light on the topic. Granted a perspective not featured in your earlier posts.

    That said the overwhelming amount of content your now removed posts presented was all derived from publicly available sources, so it’s clearly still “out there” for any/all to easily find to those that choose…

    Reply

  2. I don’t buy this idea that they’re going to stay in business. They’re going through a period in court where they want the appearance of normal business operations but we all know that these things go south quick. What buyer would keep these guys in leadership positions? I feel for their employees.

    Reply

  4. And lastly, to completely tip the perspective in their favor, there’s even a website devoted to the whole kitten-caboodle…
    https://www.advancingdms.com/

    Geez, pretty soon they should start paying you for this coverage /s

    Reply

  5. Bankruptcy was a brilliant move. It eliminates any and all TCPA claim liability going back for the past 4 years, so that the buyer is getting all of the upside with no impending downside, thereby maximizing corporate value for the sale. TCPA claimants now are barred from making any claims. Sweet!

    Reply

    1. Mark, I often find myself coming here to look for your commentary and thoughts, which I think are just as important as the subject matter here itself. I think about DMS’s move this way, but it makes sense… appreciate the insights.

      Reply

    2. This is great insight, Mark. The $300M question is what does the buyer do after the sale is complete?

      Reply

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