Rent-A-Center Inc., the nationwide rent-to-own company, has agreed to pay about 100,000 New Jersey customers a total of $109 million to settle a putative class action suit claiming the company violated the state’s criminal usury statute.
The company agreed to the settlement last Friday and Camden County, N.J., Superior Court Judge Ronald Freeman is expected to approve it in late May or early June, says one of the plaintiffs lawyers, Camden solo William Riback.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
