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Welcome to my Birch Gold Group lawsuit and complaints guide for 2023.
Here you will learn whether this excellent gold IRA company has ever been sued and how those lawsuits have panned out.
Let’s get started right below.
- Birch Gold Group Lawsuit; jump link.
- Birch Gold Group Complaints; jump link.
Table of Contents
Birch Gold Group Lawsuit
While doing my research I found 7 lawsuits Birch Gold Group were involved in 7 different lawsuits.
These are detailed right below.
David Weinberger vs. Birch Gold Group
On August 30, 2018, Mr. Weinberger filed a lawsuit against Birch Gold Group in Los Angeles Superior Court, accusing the company of civil rights violations. Birch Gold denied the allegations.
On January 7, 2019, Mr. Weinberger filed to dismiss his own case. While the court status says “other,” it seems the case was likely resolved, as scheduled court dates were cancelled after the plaintiff moved to dismiss his lawsuit.
Curtis Davis vs Birch Gold Group
This appears to be the only lawsuit filed against Birch Gold Group (BGG) by a customer, Curtis Davis. On July 7, 2020, Mr. Davis filed a lawsuit in Los Angeles Superior Court alleging fraudulent concealment, negligent misrepresentation, negligence, unfair business practices, breach of express warranty, and unjust enrichment by BGG.
On April 9, 2021, BGG filed to compel arbitration of Mr. Davis’ claims and dismiss or stay the court case pending arbitration. Since Mr. Davis did not oppose it, the court granted BGG’s motion, ordered arbitration, and stayed the court case.
The last record found showed the court ordered a joint status report from the parties before a January 10, 2022 status conference. However, no record of the status report or final case disposition could be found.
Walter Mitchell vs. Birch Gold Group
On June 1, 2022, Mr. Mitchell filed a lawsuit against Birch Gold Group in Los Angeles Superior Court, alleging civil rights violations by the company.
Six months later, on December 2, 2022, Mr. Mitchell requested the dismissal of his own case, which the court granted with prejudice. This dismissal with prejudice means Mr. Mitchell is barred from filing another case against Birch Gold Group for the same alleged civil rights violations.
Christopher Moore vs. Birch Gold Group
On May 15, 2017, Mr. Moore filed a lawsuit regarding a labour dispute against the firm, alleging they failed to pay his wages on time.
The parties reached a settlement agreement which was approved by the court on January 4, 2021, resolving the wage dispute case.
Birch Gold vs. Stephanie Alexander
On April 30, 2018, Birch Gold Group filed a personal injury lawsuit against Stephanie Alexander and the law firm Gordon & Rees LLP in Orange County Superior Court.
After Birch Gold filed the initial complaint and Ms. Alexander responded on July 22, 2019, there are no further filings recorded.
The court status is listed as “not classified,” indicating the case may have been settled privately outside of court since there is no record of further court proceedings.
Richard Stites vs. Birch Gold Group
On May 28, 2020, former employee Mr. Stites filed a lawsuit in Los Angeles Superior Court against Birch Gold Group, alleging he was wrongfully terminated.
The parties reached a settlement agreement and Mr. Stites filed a motion to dismiss the case on July 1, 2022.
Birch Gold Group’s Insurance Claim
On December 28, 2020, Birch Gold Group (BGG) filed an insurance claim lawsuit in the US District Court for the Northern District of Illinois against Chubb Underwriting Agencies LTD, Certain Underwriters at Lloyd’s of London, and Talbot Underwriting LTD.
These companies had underwritten BGG’s insurance policy N1944678. BGG alleges a breach of contract in this civil case.
While details are limited, recent filings show the court denied the defendant’s motion to dismiss for lack of jurisdiction.
As of me writing this report, the status shows “not determined by the court.”
Are Birch Gold Group Legit? Why are There No More Lawsuits Against This Gold IRA Company?
Birch Gold Group are a legitimate precious metals IRA company. You won’t make a mistake if you decide to diversify your retirement savings portfolio with precious metals acquired through them.
Now to answer our second question. Birch Gold Group was founded in 2003 by their CEO Yaron Hadad. This means the company is 20+ years old and until today they’ve successfully helped thousands of American savers and investors diversify their portfolios with precious metals.
And for these 20 years, they’ve only faced a handful of complaints and lawsuits from disgruntled employees and former customers.
This low number of complaints is proof Birch Gold Group is a legitimate gold IRA company.
Here are some of their scores on reputable consumer watchdog websites.
- BBB- A+;
- ConsumerAffairs- 4.9/5 stars;
- Trustpilot- 4.6/5 stars;
- Trustlink- 5/5 stars.
And here are some positive reviews on Birch Gold Group found on customer watchdog websites.
Birch Gold Group Complaints
Though an excellent company, there are some complaints about Birch Gold Group.
I’ve hand picked a few below.
First, there’s someone who complained Birch Gold’s sales representative didn’t quite know how to answer all the questions they had.
Birch Gold quickly responded with an apology and an offer to continue th conversation with someone else.
Second example, someone complained Birch Gold Group sent their precious metals to the wrong address. However, they later updated their review saying BGG contacted them and began to solve the issue by redirecting the purchased precious metals to the right address.
The third example, here’s someone complaining that the gold and silver they bought from Birch Gold Group have lost almost 50% of their value because the price of gold and silver plummeted. The buyer warns the reader, not of buying from Birch Gold Group, but of the possibility that their precious metals will lose value over time.
The BGG team responded by saying that sometimes gold and silver price go done, but at the other time, they goes up.
So the buyer should be patient and understand that investing in precious metals is a long-term plan and hope for the best.
Birch Gold Group Lawsuit Guide (Conclusion)
My Birch Gold Group lawsuit and complaints guide is over.
Although there are some lawsuits and complaints about Birch Gold Group, overall, they’re an excellent and trustworthy precious metals IRA company.
And their 20+ years in business proves they’re a legitimate and helpful company.
Have questions?
Shoot them in the comment section below.
Nikola Roza
Nikola Roza is an affiliate marketer and blogger behind Nikola Roza- SEO for the Poor and Determined. He writes for bloggers who don't have huge marketing budgets and who still want to carve out a niche online and a better life for themselves. He's also passionate about precious metals IRAs and how to invest in gold and silver for a safer financial future. Learn about Nikola here, or read his blog posts and guides here.
