Pinpoint Technologies is a well-known debt buyer whom frequently sues consumers
and enforces on default judgments obtained in New York and New Jersey.
In this case our client was sued in Albany by Pinpoint through their attorneys,
Stephen Einstein & Associates back in 2004. They obtained a default
judgment against him as they stated that he had been served but never
answered the lawsuit. Our client could not have possibly answered the
lawsuit at that time because he had moved to Florida in 2003. As judgments
are enforceable for twenty years in New York, Pinpoint was able to find
our client and freeze his bank account for over $15,000 nearly twelve
years later. This was a major surprise as it was the first time he had
ever even heard of this debt or the judgment.
The client now resides in Nevada but the bank he uses is a National Bank
such as Chase or Bank of America and thus Pinpoint was able to levy the
funds as those banks operate in New York as well as Nevada. We contacted
Stephen Einstein’s office and demanded that the judgment against
our client be vacated and the lawsuit dismissed or otherwise we would
file an order to show cause to vacate the judgment and file a FDCPA action
against Pinpoint Technologies as well as Stephen Einstein for using false
and deceptive practices including suing our client in the wrong jurisdiction.
Pinpoint and Stephen Einstein agreed to vacate the judgment against our
client and dismiss the case in its entirety. We believe that they likely
realized that it would not be worth spending the fees for litigation in
this case as they would have to hire new counsel in Nevada to sue the
client if the judgment was vacated in New York and of course run the risk
of being sued by us.