Case Summary

Allegations

Violations of the Truth-in-Leasing regulations by failing to properly set forth and abide by compensation schedules; misuse of escrow funds; unlawful charge-backs for fuel and fuel-related transaction fees; unlawful charge backs for insurance-related administration fees.

The court held a hearing on June 4, 2007, to determine whether to grant final approval to the proposed settlement and to award attorneys’ fees and expenses.  The judge stated the settlement amount of $6.25 million was fair and adequate and that the settlement represented a substantial recovery on behalf of the class.  The court also awarded attorneys’ fees in the amount of $2.08 million or 33 percent of the settlement fund.  Finally, the court approved incentive awards in amounts varying between $10,000 and $15,000 for each of the seven individual named plaintiffs.  We received the money by July 19, 2007 (as required) and distributed the money to the class members in August 2007.

News

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Court Documents

• Defendant's Answer, Affirmative Defenses and Counterclaim 08.27.04
• Class Action Complaint