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NOTICE OF PROPOSED CLASS ACTION SETTLEMENT
You may be entitled to receive a settlement payment in connection with a class action against West-Aircomm Federal Credit Union
A Pennsylvania Court has authorized your notice.
This is not a solicitation from a lawyer.
You are not being sued.
- This settlement resolves a lawsuit over whether West-Aircomm Federal Credit Union (“WAFCU”) sent borrowers proper notice of their rights after vehicle repossession.
- WAFCU denies and disputes the claims asserted in the Litigation. The parties disagree about whether any money (and if so, how much) could have been awarded to you if the Plaintiff were to prevail at trial. The settlement avoids the costs and risks to members of the Class like you from continuing with the lawsuit, and provides relief to the Class.
- This settlement will: (a) provide a gross fund of $300,000 to be distributed to Class Members after payment of administrative costs, Class Counsel fees and costs, and a service award to Plaintiff; and (b) require WAFCU to request credit reporting agencies to delete your auto loan history from your credit report, in accordance with the proposed Class Action Settlement Agreement.
- Your rights are affected whether you act or not. Read your notice carefully.
Your Legal Rights and Options in this Settlement: |
|
Do Nothing |
If the settlement is approved by the Court as presented, WAFCU will request the credit reporting agencies to delete your loan history from your credit report. You will also be paid your proportionate share of the net settlement proceeds. |
Exclude Yourself |
Get no payment. This is the only option that allows you to ever be part of any other lawsuit against WAFCU concerning repossession or financing of your vehicle. Act by April 13, 2023. |
Object |
Write to the Court about why you don’t like the settlement and do not want it approved. Act by April 13, 2023. |
Go to a Hearing |
Ask to speak in Court about the fairness of the settlement on June 9, 2023. |
- These rights and options – and the deadlines to exercise them – are explained in your notice.
- The Court in charge of this case still has to decide whether to approve the settlement. Payments will be made if the Court approves the settlement and after any appeals are resolved. Please be patient.
- For more information or to review key documents or the class action settlement agreement, you can visit www.West-AircommRepoSettlement.com