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