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.Case Summary:
This settlement resolves a class action that alleges that Northern Leasing Systems, Inc. and associated companies charged improper taxes and fees in connection with the lease of credit card equipment. The complaint claims that the taxes and fees should have been assessed based on the “equipment cost” but that instead the company used an “acquisition cost” that were inflated by commissions paid to sales agents and other costs. It further claims that the extra taxes collected were not paid to any taxing authority but were retained by the company.Docket Number:
Company: Northern Leasing Systems Inc.
Filing Deadline: December 28, 2017
Class Period: March 26, 2006
Objection Deadline: October 31, 2017
Exclusion Deadline: October 31, 2017
Final Approval Hearing: November 28, 2017Proof of Purchase:
You may be eligible if you are a member of either of these two classes:
The Property Tax Equipment Cost Basis Class is all persons and businesses who, from March 26, 2006 to the present, paid any of the Leasing Defendants property taxes based on a cost greater than “equipment cost.” The Leasing Defendants include Northern Leasing Systems, Inc.; MBF Leasing LLC; Northern Funding LLC; Jay Cohen; Leonard Mezei; Sara Krieger; Sam Buono; and SKS Associates, LLC.
The SKS Post-Lease Expiration Class is all persons and businesses whose lease number appeared on Schedule 1. A copy of Schedule 1 is available at www.northernleasingsettlement.com.Typical Settlement Amount:
Varies. (1) SKS Post-Lease members from whom money was collected will receive the full amount collected, less any refund already provided, plus $41.75. (2) SKS Post-Lease members from whom money was not collected will receive $15. (3) Property Tax Equipment members will receive $14.25 for each year after March 26, 2006 that they paid property taxes based on more than the “equipment cost.”
Total Settlement Amount: UnknownClass Representative Proposed Incentive Fee:
Claim Form: Northern Leasing Settlement Claim Form
Case Name: Rainbow Business Solutions, Inc., et al. v. Merchant Services, Inc., et al.
Settlement Website: Northern Leasing Settlement Website
A.B. Data, Ltd.
Northern Leasing Settlement
c/o A.B. Data, Ltd.
P.O. Box 173043
Milwaukee, WI 53217