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, LLCEstimated 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
Settlement Website
Deadline
06/17/2016
Contact
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.
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.
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.
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
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.
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.