Servicemembers Who Terminated Leases And Were Not Timely Refunded Prorated Advance Lease Payments File Class Action Lawsuit Complaint Against Ford Motor Credit.
A class action lawsuit has reportedly been filed against Ford Motor Credit Company (“Ford Motor Credit” or “Defendant”) in the United States District Court for the District of New Jersey (styled Marc C. Demarest v. Ford Motor Credit Company), alleging, among other things, that Ford Motor Credit failed to provide refunds to servicemembers who following termination of a vehicle lease were entitled to a prorata refund of upfront payments of a total lease obligation in the form of “Capitalized Cost Reduction” CCR payments made pursuant to the vehicle lease, purportedly in violation of the Servicemembers Civil Relief Act, 50 U.S.C. App. § 501 et seq., according to the Ford Motor Credit Servicemembers Lease Termination Refund Of Capitalized Cost Reduction Payments class action lawsuit complaint.
The Ford Motor Credit Servicemembers Lease Termination Refund Of Capitalized Cost Reduction Payments class action lawsuit complanit is reportedly brought pursuant to F.R.C.P. 23 on behalf of a Class (the “Class”) consisting of all persons, natural or otherwise, who terminated their leases pursuant to the Servicemembers Civil Relief Act and were not timely refunded the prorated advance lease payments.
Ford Motor Credit Servicemembers Terminated Lease Refund Of Capitalized Cost Reduction Payments class action complaint reportedly asserts claims for alleged violations of the Servicemembers Civil Relief Act, 50 U.S.C. App. § 501 et seq. and conversion and seeks damages, injunctive relief and declaratory relief.
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