www.njagpalmcosettlement.com – File Claim Palmco Settlement B

By Parascopeman

NJAG Palmco Settlement

  • Claims forms can be filed at settlement website
  • Brief list of Commonly Asked Questions is available
  • Consumer Affairs can be contacted for information

While not incredibly typical, every so often a class action lawsuit settlement gets broken up into several different funds. An example of this type of settlement can be found in the class action lawsuit called Robert Lougy v. Palmco Power NJ, LLC. The suit was filed over allegations that the Defendant (Palmco) violated the Electric Discount and Energy Competition Act and the Consumer Fraud Act New Jersey state statutes along with certain BPU regulations while advertising the sale of gas supply and electric generation services (it should be pointed out that Palmco did deny all of the allegations brought forth in the suit). The restitution settlement fund of $3,502,791.66 (fund A) has now been distributed making way for distribution of the second settlement fund of $1,000,000 (fund B). Settlement fund B will be distributed to all Palmco customers who submit a valid claim form along with any of the required supporting documents (keeping good records pays off!). Those who believe they are eligible for a chunk of the B fund …read more

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