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John C. Redding and Sasha Leonhardt mentioned in New Jersey Law Journal article, “BMW paying $2M to settle claims over lease refunds withheld from military personnel”

New Jersey Law Journal

John C. Redding, Sasha Leonhardt

John C. Redding and Sasha Leonhardt were mentioned on February 22, 2018 in a New Jersey Law Journal article, “BMW paying $2M to settle claims over lease refunds withheld from military personnel,” which discussed the settlement between the Department of Justice and BMW Financial Services N.A. to resolve the alleged violations of the Servicemembers Civil Relief Act. The article stated, “The settlement calls for BMW Financial Services to revise its policies concerning leases of vehicles to service members to comply with the act, and to submit such changes to the DOJ for approval within 30 days of the settlement. The settlement also calls for the company to develop and administer a training program for employees to ensure they comply with the act. Also under the settlement, BMW Financial Services agrees to pay refunds to lessees under a formula, including an additional payment of not less than $500 for indirect damages. In addition, the settlement calls for BMW Financial Services to make requests to the three major credit-reporting bureaus to remove negative entries for service members and the co-lessees that were attributable to nonpayments of amounts that would have been paid if the unrefunded capital cost reduction funds had been applied to the arrears. The agreement covers all leases terminated after Aug. 24, 2011.”

Redding and Leonhardt represented BMW Financial Services.

Click here to read the full article.