Settlement Structure: Claims Made
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
This settlement resolves a class action against Mariner Finance, LLC. The complaint alleged that Mariner charged customers refinancing charges but did not include those with the simply interest rate in the promissory notes, possibly because the interest rates might then higher than allowed by Maryland laws. It also claimed that Mariner retained a portion of insurance charges, in violation of Maryland laws.Docket Number:
Company: Mariner Finance LLC
Class Period: June 29, 2018
Objection Deadline: October 13, 2018
Exclusion Deadline: October 13, 2018
Final Approval Hearing: December 5, 2018Proof of Purchase:
Presumably company records will be used for verification.Eligibility:
You may be eligible if you are a Maryland citizen who, by June 29, 2018, entered into a promissory note with Mariner Finance governed by Maryland’s Credit Grantor Closed End Credit Provisions (CLEC) law, (1) which included a “refinance charge” and/or (2) where Mariner Finance sold an insurance product and received compensation in connection with it. For exclusions, see the Notice at http://halesettlement.com/wp-content/uploads/2018/08/MarinerFinanceFinalLongNotice.pdf.
The claim filing deadline has not yet been set but will be ninety days after final approval.Typical Settlement Amount:
Final amounts will depend on the number of valid claims received. Class members can receive up to three times the amount of the refinance and insurance charges in the transaction; or, if there is not enough money in the Common Fund to pay this amount, each class member will get a proportionate payment from the fund.
Total Settlement Amount: $1,500,000Class Representative Proposed Incentive Fee:
Gordon Wolf & Carney CHTD
Case Name: Hale v. Mariner Finance, LLC
Settlement Website: Mariner Finance Refinancing Charges Settlement Website
Strategic Claims Services
Hale v. Mariner Finance LLC Lawsuit
c/o Strategic Claims Services
P.O. Box 230
Media PA 19063