New Jersey Tax Lien Class Action Settlement

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