Settlement Structure: Claims Made
Active: Open
Case Summary:Elon Property Management Company – Lexford Pools 1/3 LLC and Elon Property Management LLC are putting up half a million dollars to partially settle a class action alleging they did not comply with the disclosure requirements of the federal Credit Repair Organizations Act (CROA) in running a credit building program with tenants of their residential apartment complexes. The companies had been charging $5 monthly fees for reporting their rental payments to a credit reporting agency.
Docket Number:1:21-CV-01520-CCB
Company: Elon Property Management Company
Filing Deadline: January 1, 2100
Class Period: June 23, 2017 to June 23, 2021
Objection Deadline: September 27, 2022
Exclusion Deadline: September 27, 2022
Final Approval Hearing: November 4, 2022
Proof of Purchase:If you received a Notice, you do not have to take any further action.
Eligibility:You may be eligible if you were a person in the US who, between June 23, 2017 and June 23, 2021, were a tenant of Elon and paid rental payment reporting fees directly to Elon on their own behalf.
Typical Settlement Amount:Partial reimbursement of the $5 monthly rental payment reporting fees, or credit builder fees, you paid to Elon for reporting your rental payment status to a credit reporting agency. Class members will receive a distribution of the net settlement fund based on a calculation of each person’s respective share. Current tenants of Elon properties will receive their portion as a one-time credit against rent due. Those who are not current tenants will receive a check for their shares.
Total Settlement Amount: $500,000
Class Representative Proposed Incentive Fee:$5,000
Law Firms:
Law Office of Robert W. Murphy
Santoni, Vocci & Ortega LLC
Case Name: YOST v. ELON PROPERTY MANAGEMENT COMPANY et. al.
Settlement Website: Yost Class Settlement Website
Claims Administrator:
American Legal Claim Services, LLC
American Legal Claim Services, LLC
5985 Richard Street, Suite 3
Jacksonville, Florida 32216
904-517-1446