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This settlement is closed!
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A New Jersey class action lawsuit that accused 20Â companies and various individuals of conspiring in a price-fixing scheme to raise the interest rates of tax sale certificates has agreed to pay $9.5 million in order to settle allegations.
New Jersey municipalities hold public auctions each year to sell tax sale certificates (TSCs) which are considered liens on the real property. State law requires that the bidding on TSCs begins at 18 percent, and the winning bidder will be the one who offers to purchase the TSC at the lowest interest rate.
Plaintiffs in the NJ tax lien class action lawsuit allege that the named defendants violated antitrust laws by entering into an agreement (or understanding) to divide the available tax sale certificates among the different companies. In addition, the tax lien class action lawsuit claims that the companies/individuals also agreed not to bid against each other when TSCs came up for bid.
According to the plaintiffs, the price-fixing behavior of the companies/individuals made it more expensive for affected property owners to pay in order to redeem the TSC.
The tax lien class action lawsuit defendants include:
William A. Collins
Isadore H. May
Richard J. Pisciotta, Jr.
Norman T. Remick
Robert E. Rothman
Robert W. Stein
Lambros Xethalis
Michael Mastellone
Royal Bancshares of Pennsylvania, Inc.
Royal Bank America
Crusader Servicing Corporation
Royal Tax Lien Services, LLC
M.D. Sass Investors Services, Inc.
M.D. Sass Tax Lien Management, LLC
M.D. Sass Municipal Finance Partners – I, L.P.
M.D. Sass Municipal Finance Partners – II, L.P.
M.D. Sass Municipal Finance Partners – III, LLC
M.D. Sass Municipal Finance Partners – IV, LLC
M.D. Sass Municipal Finance Partners – V, LLC
M.D. Sass Municipal Finance Partners –VI, LLC
Vinaya K. Jessani
Stephen E. Hruby
David Butler
David M. Farber
CCTS, LLC
CCTS Tax Liens I, LLC
CCTS Tax Liens II, LLC
DSBD, LLC
Pro Capital LLC
Pro Capital Fund I, LLC
Burlington Assembly of God, Inc. d/b/a Fountain of Life Center
Mercer S.M.E. Inc.
Susan M. Esposito
David B. Boudwin
BBX Capital Corporation f/k/a BankAtlantic Bancorp, Inc.
Fidelity Tax, LLC
Heartwood 55, LLC
Michael Deluca
Gary I. Branse
David Jelley
Phoenix Funding, Inc.
Benedict Caiola
BBX Capital Corporation f/k/a BankAtlantic Bancorp, Inc.
Fidelity Tax, LLC
Heartwood 55, LLC
Michael Deluca
Gary I. Branse
David Jelley
CCTS Capital LLC n/k/a Crestar Capital, LLC
William S. Green
Richard Simon Trustee
Betty Simon Trustee, LLC
Joseph Wolfson
Pat Caraballese
PAM Investors
Robert U. Del Vecchio Sr.
Robert U. Del Vecchio PensionTrust
Plymouth Park Tax Services, LLC
American Tax Funding, LLC
Mooring Tax Asset Group, LLC
All named defendants have denied any liability of misconduct but have agreed to the terms of the settlement in order to avoid the cost of further litigation.
Who’s Eligible
NJ tax lien settlement Class Members include all individuals who owned property in New Jersey and who had a Tax Sale Certificate issued with respect to their property that was purchased by one of the named Defendants between Jan. 1, 1998 and Feb. 28, 2009 at a public auction in New Jersey at an interest rate above 0%.
Potential Award
Varies
Most of the proposed settlements reached in the New Jersey tax lien class action lawsuit contains a monetary element and an agreement to offer Class Members discounts from the total amount owed on the outstanding TSC that was purchased between Jan. 1, 1998 and Feb. 28, 2009.
A summary for each of the tax lien class action settlements can be found at www.NJTaxLienSettlements.com.
Proof of Purchase
Class Members are required to provide records that prove they are the owner of the property associated with the TSC and must submit a valid Claim Form.
Claim Form Deadline
06/17/2016
Case Name
In Re New Jersey Tax Sales Certificates Antitrust Litigation, Case No. 3:12-CV-01893-MAS-TJB in the U.S. District Court for the District of New Jersey
Final Hearing
04/25/2016
UPDATE: On September 30, 2016, the court granted the New Jersey Tax Lien class action settlement final approval.  Unfortunately, appeals have been filed.  Claims will not be paid until all appeals are exhausted. We appreciate your ongoing patience. Top Class Actions will continue to provide updates as we learn more.Â
Settlement Website
www.NJTaxLienSettlements.com
Claims Administrator
In re New Jersey Tax Sales Certificates Antitrust Litigation Notice Administrator
P.O. Box 8090
San Rafael, CA 94912-8090
888-287-7975
info@njtaxliensettlements.com
Class Counsel
Jason A. Zweig
HAGENS BERMAN SOBOL SHAPIRO LLP
James A. Pizzirusso
Seth R. Gassman
HAUSFELD LLP
Defense Counsel
Joseph S. Allerhand
Bruce A. Colbath
WEIL, GOTSHAL & MANGES LLP
Andrew T. Solomon
SULLIVAN & WORCESTER LLP
Lawrence S. Lustberg
Joshua C. Gillette
GIBBONS P.C.
Douglas M. Tween
BAKER & MCKENZIE LLP
Steven A. Reed
R. Brendan Fee
MORGAN, LEWIS & BOCKIUS, LLP
J. Manly Parks
DUANE MORRIS LLP
Steven M. Janove
STEVEN M. JANOVE LLC
Justin P. Walder
Shalom D. Stone
WALDER HAYDEN & BROGAN, P.A.
James E. Cecchi
CARELLA, BYRNE, CECCHI, OLSTEIN,
BRODY & AGNELLO
Gary K. Wolinetz
GREENBAUM, ROWE, SMITH & DAVIS LLP
Jay E. Kagan
Da WORTH PAXSON LLP
Michael F. Myers
JACOBS & BARBONE, P.A.
Keith A. Bonchi
GOLDENBERG, MACKLER & SAYEGH,
MINTZ, PFEFFER, BON CHI & GILL P.A.
Jack Wenik
SILLS CUMMIS & GROSS PC
Keith A. Bonchi
GOLDENBERG, MACKLER &
SAYEGH, MINTZ, PFEFFER, BONCHI
& GILL P.A.
Arnold Carl Lakind
SZAFERMAN, LAKIND, BLUMSTEIN &
BLADER, PC
Judson A. Aaron
CONRAD O’BRIEN, PC
D. Jarrett Arp
GIBSON, DUNN & CRUTCHER LLP
Robert H. Nemeroff
FRIEDMAN SCHUMAN, PC
Gary L. Cutler
CARYL. CUTLER, P.C.
Robert D. Wick
Jason C. Raofield
COVINGTON & BURLING LLP
Donald S. Scherzer
Amanda M. Knapp
ROETZEL & ANDRESS, P.C.
Jeffrey M. Eilender
SCHLAM STONE & DOLAN LLP
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7 thoughts onNew Jersey Tax Lien Class Action Lawsuit Settlement
we were never notified on this case for our property How can we file a claim. i just found out the Robert Rothman bought a tax lien at 18% in 2001 on the property. What attorney can I can contact for help?? I am in serious need of help
UPDATE: On September 30, 2016, the court granted the New Jersey Tax Lien class action settlement final approval.  Unfortunately, appeals have been filed.  Claims will not be paid until all appeals are exhausted. We appreciate your ongoing patience. Top Class Actions will continue to provide updates as we learn more.Â
i am named as a plaintiff in this class action lawsuit but was not notified of this ability to submit a claim, now past deadline for submittance. am i still entitled to a claim & how? i did not opt out of the class action suit. thank you!
If you are a named plaintiff in this class action lawsuit, you should contact the attorney representing you for an update.
If you are a class member with a question about your claim, you should contact the settlement administrator: info@njtaxliensettlements.com
Most rental contracts have a standard clause that allows owners to raise rent a certain percent or amount per year. You need to go through your lease to find out what that is as well as what the rest of it says. If it was a verbal agreement I doubt it would be considered valid for the time you stayed there because it couldnt be proven and normal assumptions is the rental rate would go up over time like taxes paid on the property and similar.
If you have a lease, they cant raise the rent until it expires.
Need help on rent issue. I live in the location 9 years apartment gave me a specific price on renewal and changed it after the offer. Can I be ask for the difference after several years ? Please help.