Asiedu v Garden Savings Federal Credit Union
SUPERIOR COURT OF NEW JERSEY
LAW DIVISION – CIVIL PART
ESSEX VICINAGE
Docket No.: ESX-L-3570-15
Daniel Asiedu,
individually and on behalf of all others similarly situated
v.
Garden Savings Federal Credit Union, et al.
NOTICE OF PENDING CLASS ACTION AND PROPOSED SETTLEMENT
READ THE NOTICE FULLY AND CAREFULLY; THE PROPOSED SETTLEMENT MAY AFFECT YOUR RIGHTS!
IF YOU HAVE OR HAD A FINANCE AGREEMENT WITH GARDEN SAVINGS FEDERAL CREDIT UNION (“DEFENDANT”) AND YOU HAD YOUR MOTOR VEHICLE REPOSSESSED BY DEFENDANT BETWEEN MARCH 20, 2009 AND MARCH 20, 2015, THEN YOU MAY BE ENTITLED TO A PAYMENT FROM A CLASS ACTION SETTLEMENT
The Superior Court of New Jersey, Essex County has authorized the Notice; it is not a solicitation from a lawyer.
SUMMARY OF YOUR OPTIONS AND THE LEGAL EFFECT OF EACH OPTION
DO NOTHING
If you do nothing, you will receive a payment and/or Defendant shall relinquish any deficiency balance from your Finance Agreement from the Settlement Fund so long as you do not opt out of or exclude yourself from the Settlement (described in the next box).
EXCLUDE YOURSELF FROM THE SETTLEMENT; RECEIVE NO PAYMENT BUT RELEASE NO CLAIMS
You can choose to exclude yourself from the Settlement or “opt out.” This means you choose not to participate in the Settlement. You will keep your individual claims against Defendant but you will not receive a payment and/or Defendant will not relinquish any deficiency balance from your Finance Agreement. If you exclude yourself from the Settlement but want to recover against Defendant, you will have to file a separate lawsuit or claim.
OBJECT TO THE SETTLEMENT
You can file an objection with the Court explaining why you believe the Court should reject the Settlement. If your objection is overruled by the Court, then you will receive a payment and/or Defendant will relinquish any deficiency balance from your Finance Agreement, and you will not be able to sue Defendant separately for the claims asserted in this litigation. If the Court agrees with your objection, then the Settlement may not be approved.
These rights and options – and the deadlines to exercise them – along with the material terms of the settlement are explained in the Notice.