Class Eligibility

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%.

Here is a list of the defendants:

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

Estimated Amount

Varies

Proof of Purchase

Proof of Ownership

Case Name

In Re New Jersey Tax Sales Certificates Antitrust Litigation
Case No. 3:12-CV-01893-MAS-TJB
District Court for the District of New Jersey

Case Summary

Each year, every municipality in New Jersey holds a public auction at which the municipality sells TSCs, which operate as liens on real property. Under state law, the bidding on these TSCs begins at 18% for the interest rate associated with the TSC. The bidder who offers to purchase the TSC at the lowest interest rate is the winning bidder. In this case, Defendants are accused of entering into an illegal agreement or understanding to divide the available TSCs among themselves and also of entering into an illegal agreement not to bid against each other when TSCs came up for bid. As a result of these alleged agreements, the Lawsuit claims that the interest rates associated with TSCs were higher than they otherwise should have been – making it more expensive for affected property owners to pay to redeem the TSC.

Settlement Pool

N/A

Deadline

06/17/2016

Contact


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

6 responses to “New Jersey Tax Lien Class Action Settlement”

  1. LOUIS & DOROTHY BURGESS says:

    claimid:10081477
    access code:254411
    njts110081477-8
    LOUIS & DOROTHY BURGESS
    27 EAST 37TH STREET (NEW ADDRESS 541 DEER RUN ROAD, AUBURN, ALABAMA 36832
    PATERSON N J 07514

    I FILED A CLAIM 7/2016 CONCERNING THE ABOVE CLASS ACTION SETTLEMENT AND HAVE NOT RECEIVED ANY INFORMATION ON THE SETTLEMENT. PLEASE ADVISE WHAT IS THE STATUS OF MY CLAIM.

    ADMIN – Hi Louis,

    I advise you to contact the class action administrator. They will be better able to provide you with an update.

  2. Ahmed R. Ibrahim says:

    I never received a notification of this opportunity

    ADMIN – Hi Ahmed,

    To stay in the loop of all class actions consider signing up for our newsletter or following us on Facebook.

  3. Stafford Miller says:

    I FILED A CLAIM 7/2016 CONCERNING THE ABOVE CLASS ACTION SETTLEMENT AND HAVE NOT RECEIVED ANY INFORMATION ON THE SETTLEMENT. PLEASE ADVISE WHAT IS THE STATUS OF MY CLAIM.

    ADMIN – Hi Mr. Miller,

    Class Action Rebates is like a newspaper of class actions. We don’t have access to client-specific information. To secure information about your claim you need to contact the class action administrator.

  4. LOUIS &DOROTHY BURGESS says:

    HOW DO YOU CONTACT THE CLASS ACTION ADMINISTRATOR. ADDRESS OR TELEPHONE NUMBER?

    ADMIN – Hi Louis,

    Here is the contact info:

    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

  5. yolanda says:

    i am named in this class action suit, currently in foreclosure by lien purchased at 18% by pisciotta, was not able to receive compensation. any outstanding compensation or help for victims still? thank you!

    ADMIN – Hi Yolanda,

    If the deadline has passed and you did not file there is nothing left to do.

  6. Michelle Glover says:

    My name is Michelle Glover, spouse name Zachary. We filed our claims back in 2016, and as of last contact with spoke with Marsha who indicated that the settlement of the case happened and looking to distribute funds around December 5, 2018. As of this date we have not heard anything. Can letters go out with an update or email so we are aware of what’s happening? PLEASE give us a update.

    ADMIN – HI Michelle,

    This is the most recent update:

    Settlement Update [As of 1/9/19]

    On September 6, 2018, the United States Court of Appeals for the Third Circuit affirmed the judgment of the district court approving the class action settlements in this case. Following the appeals court decision, class counsel and counsel for the objector to the settlements, reached an agreement pursuant to which the objector will no longer pursue further appeals or other litigation. Under the terms of the settlement agreements, the settlement agreements become final when the time period for any appeals has expired. The time period for all appeals expired December 5, 2018. Therefore, on December 5, 2018, the settlements became final allowing for the distribution of the settlement proceeds. Class counsel will seek to try and distribute the settlement proceeds as quickly as possible, and their goal is to distribute the monies before the end of March 2019. Many of the settlements also require the defendants to provide discounts on the amount of the outstanding tax lien, if the property owner chooses to satisfy the line. For those defendants who are offering discounts, those offers are expected to be sent 30 days following the settlements becoming final. Therefore, those discount offers have already been extended. We will continue to update this website as more developments become available. Thank you as always for your patience.

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