Precious King v. Avid Acceptance, LLC
Dane County, Wisconsin Circuit Court
Case No. 2022CV000071
You received Notice because you have been identified by Avid Acceptance as a member of the Class that the Court certified on August 1, 2022. You are, in other words, a person whose auto loan was serviced by Avid Acceptance at any time between August 24, 2019 and January 31, 2022, your payment was late one or more times, and Avid Acceptance charged you a late fee that Plaintiff alleges was more than the Law allows. Sometime after the charging of the late fee, Avid Acceptance may also have repossessed your vehicle.
Plaintiff and Avid Acceptance have reached a settlement of both her claims and the claims of Class Members such as yourself. The Court has given preliminary approval to the settlement. The notice tells you about the settlement, your right to object to the settlement, your right to request exclusion from the Class, and what rights you give up if you remain in the Class.
YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT
|DO NOTHING||By doing nothing, you will remain in the Class and be bound by the settlement terms; you will also receive a payment from the settlement.|
|OBJECT||Write to the Settlement Administrator about why you do not like the settlement. You may also appear at the fairness hearing. You must mail your objection so that it is postmarked no later than May 5, 2023.|
|REQUEST TO BE EXCLUDED FROM THE CLASS||Send a letter saying you want to be excluded from the Class. You will not be bound by the settlement, and you will not receive any money from the settlement. You must mail your exclusion so that it is postmarked no later than May 5, 2023.|
Each Class Member, who does not request to be excluded from the Class and whose notice is not returned as undeliverable, will receive an equal share of $38,000. Each Class Member will receive approximately $301.
In addition, each Class Member whose vehicle was repossessed by Avid Acceptance, and who does not request to be excluded from the Class and whose notice is not returned as undeliverable, will share an additional $38,000. Each Class Member whose vehicle was repossessed will receive approximately $2,923
The Court will hold a fairness hearing on May 31, 2023 at 1:30 p.m. in the courtroom of the Honorable Everett D. Mitchell, Dane County Courthouse, Courtroom 6D – Branch 4, 215 South Hamilton Street, Madison, Wisconsin 53703. The purpose of the hearing is for the Court to determine whether the proposed settlement is fair, reasonable, and adequate and in the best interests of the Class and to determine the appropriate amount of compensation for the Class Representative and Class Counsel. At that hearing, the Court will be available to hear any objections and arguments concerning the fairness of the proposed settlement.
YOU ARE NOT REQUIRED TO ATTEND THIS HEARING TO BENEFIT FROM THIS SETTLEMENT. The hearing may be postponed to a later date without notice.
For more information, you may review the documents below, or contact Plaintiff's Counsel:
Attorney Nathan DeLadurantey
DeLadurantey Law Office, LLC
330 S. Executive Drive, Suite 109
Brookfield, WI 53003
Below are the documents for this case. Click on them to view in a new window. You may need Acrobat Reader to view these documents. (available here)