The final approval order was signed by the Honorable Eric C. Morgan, Forsyth Superior Court Judge. Ed and Karl were both designated as co-lead counsel in this case. The consumer class action complaint was initially filed on March 26, 2018 alleged that Defendants Arcan Capital LLC charged unlawful amounts of money to tenants in North Carolina.
These tenants were typically charged approximately $191 whenever an eviction complaint was filed against them which was alleged to be in violation of North Carolina’s landlord/tenant statutes. As part of the final settlement, Arcan Capital has agreed to pay sufficient money such that each tenant who was charged the illegal fees will receive approximately $500.00–more than double the amount they paid.
Considering the fantastic benefits that the tenants are receiving, not a single tenant opted out or objected to this settlement as they were authorized to do under the settlement terms.
Both Ed Maginnis and Karl Gwaltney are extremely pleased with the result they were able to obtain on behalf of North Carolina tenants. If you have any questions about our firm’s representation of consumers in North Carolina, please do not hesitate to contact us.
You can reach our firm’s consumer class action attorneys by phone (919.526.0450) or by email (firstname.lastname@example.org).