New Jersey Tax Lien Settlements
- Learn more details about a $9.5 million settlement related to a price-fixing scheme to raise the interest rates of tax sale certificates in the state of New Jersey
- The case is entitled In Re New Jersey Tax Sales Certificates Antitrust Litigation and the deadline to submit a claim form is June 17, 2016
Class members in the New Jersey Tax Lien Settlements state that 20 companies and various individuals broke various antitrust laws by entering into an agreement (or understanding) to divide the available tax sale certificates among the different companies.
The Defendants named in the lawsuit are as follows:
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
When filing a claim class members are required to prove they own the property associated with the TSC. The case is pending in the U.S. District Court for the District of New Jersey and is listed as case number 3:12-CV-01893-MAS-TJB.
Primary References