John Koontz, individually and on behalf of a class of persons v. SN Servicing Corporation

THIS IS NOT A SUIT AGAINST YOU. The purpose of this website Notice is to advise you that a Settlement Agreement has been reached in a class action lawsuit against Defendant SN Servicing Corporation, currently pending in United States District Court for the Northern District of West Virginia. The lawsuit alleges that Defendant (SN) violated the West Virginia Consumer Credit and Protection Act and the Fair Debt Collection Practices Act by improperly assessing late fees, refusing to accept and credit payments that were properly made, failing to provide requested information, and charging allegedly illegal late fees. SN denies the allegations and contends that neither Plaintiff nor any Class Member is entitled to any relief. Both sides have agreed to settle the Action solely to avoid the burden, expense, risk, and uncertainty of continuing the Action.

A total Settlement Fund of $665,000.00 (“Settlement Fund”) will be established to provide compensation to Class Members. You may be entitled to receive a share from the Settlement Fund. A portion of the Settlement Fund will also be used to fund payments to Class Counsel and the Class Representative, as well as the costs of administering the Settlement. Your legal rights are affected whether you act or don’t act, so read this Notice carefully.

You may review a copy of the Settlement Agreement, Class Action Complaint, and the Court’s Order Preliminarily Approving Settlement on the Important Documents page of this website, or by requesting copies from the Settlement Administrator, whose contact information is disclosed on this website.