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Markstein Alcoholic Beverages Late Charges Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

Markstein Beverage Co. of Sacramento is settling a class action about late fees charged on its invoices for alcoholic beverages that remained unpaid on the 43rd day after delivery. The complaint alleged that the California Business & Professions Code permits only a 1% late fee, but that Markstein charged a late fee of 2%, or 1% plus a carrying charged that added up to 2%.

Docket Number:

4-2020-00286915-CU-BC-GDS

Company: Markstein Beverage Co. of Sacramento

Filing Deadline: January 1, 2100

Class Period: October 9, 2016

Objection Deadline: February 5, 2022

Exclusion Deadline: February 5, 2022

Final Approval Hearing: March 4, 2022

Proof of Purchase:

You do not need to provide proof or submit a claim form. Presumably company records will be used to determine who is in the class and how much they paid.

Eligibility:

You may be eligible if you are California retailer selling alcoholic beverages who either (1) paid a carrying charge to Markstein at any time between October 9, 2016 through the Execution Date in this case, or (2) were assessed a carrying charge that you did not pay, or (3) are parties to a contract with Markstein that provides for a carrying charge.

Typical Settlement Amount:

If you paid the late fee, Markstein will refund the full amount of your payment over 1%. If you were charge the late fee but did not pay it, Markstein will write off the portion of the amount that exceeds 1% per month. Markstein will also revise its contracts so that they no longer contain provisions for late fees that exceed 1% per month.

Total Settlement Amount: Unknown

Class Representative Proposed Incentive Fee:

$1,000

Law Firms:
Green & Noblin PC
Matthew E. Hess, Attorney at Law

Case Name: Antigua Cantina and Grill, Inc. v. Markstein Beverage Co. of Sacramento

Settlement Website: Markstein Alcoholic Beverages Late Charges Settlement Website

Claims Administrator:
Angeion Group

Claims Administrator Contact Information:

Markstein Class Action
1650 Arch Street, Suite 2210
Philadelphia, PA 19103
info@marksteinclassaction.com

Tags: Excessive Late Fees, Unfair Business Practices