In re Midland Funding LLC Interest Rate Litigation

In re Midland Funding LLC Interest Rate Litigation

United States District Court, Southern District of New York

Case No.: 11-cv-8149 (LMS)

This website is to inform you about a proposed settlement (the "Settlement") in a class action lawsuit brought against Midland Funding LLC and Midland Credit Management, Inc. (collectively, "Midland" or "Defendants") related to allegations that Defendants violated federal and New York State law by sending New York consumers collection letters that sought interest at a rate higher than 25%.

The Notice Was Authorized by the United States District Court for the  Southern District of New York. This is not a solicitation from a lawyer.

Update:  Distribution of Settlement Checks were mailed on November 13, 2019. 

THE DEADLINE TO FILE A CLAIM HAS BEEN EXTENDED TO AUGUST 23, 2019

YOU MUST TAKE THE STEPS DESCRIBED IN THE NOTICE BY AUGUST 23, 2019.

Your Legal Rights and Options in this Settlement

Submit a Claim

You may file a claim on this Settlement website or mail in your claim form no later than August 23, 2019. 

Ask to be Excluded

If you do not wish to be included in the Settlement, you must follow the procedures stated in FAQ 10 no later than August 23, 2019.

Object

    If you wish to be included as a Class Member but to object to the terms of the Settlement, you must follow the procedures stated in FAQ 11 no later than August 23, 2019.

    Go to the Hearing

    If you wish to appear at the Fairness Hearing, follow the procedures stated in FAQ 11.

    Do Nothing

    If you do nothing, you will automatically be included as a Class Member. However, ONLY CLASS MEMBERS WHO SUBMIT A CLAIM FORM WILL RECEIVE CASH PAYMENTS AND/OR BALANCE ADJUSTMENTS.


    To look up your current balance and your option for a balance reduction or a cash payment,
    use the Look Up

    These rights and options - and the deadlines to exercise them - are explained in the Notice.