Easyhome Rentals received final court approval of a $547,512 settlem...
Easyhome Rentals received final court approval of a $547,512 settlement of a class action lawsuit filed in Canada accusing it of selling contracts that didn’t conform with the Quebec Consumer Protection Act. After legal expenses and fees, about $298,000…
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will be distributed to class members, who are expected to receive cash payments by month’s end. A preliminary settlement was reached in Nov., capping a 7-year legal battle. Easyhome denied wrongdoing, but said the settlement was “desirable” in light of the time it required of senior executives. Those eligible for the settlement include Easyhome customers that renewed and paid weekly and/or monthly contracts for a minimum 4-month period between the start of the company in 1997 and May 9, 2005. Easyhome previously recorded a reserve to cover the settlement. Earlier this year, Easyhome also agreed to pay $7.38 million in coupons to settle a separate suit accusing it of violating the Canadian criminal code by charging interest on the difference between early pay-out options and the cash prices. The settlement with about 70,000 class members will consist of coupons that can be used to buy Easyhome merchandise, applied to existing agreements or used in signing a new contract, the company said.