This decision approves a class action settlement and distribution protocol regarding predatory and unconscionable equipment lease agreements, including the registration of Notices of Security Interests (NOSIs) on consumers’ homes.
The court finds the settlement fair, reasonable, and in the best interests of the class, considering the risks of continued litigation, the insolvency of several defendants, and the benefits achieved, including monetary compensation, lease cancellations, and legislative reform.
The court also approves class counsel fees, disbursements, a Class Proceedings Fund levy, and an honorarium for the lead plaintiff.