Here
is important information about the ISTA Utility Billing class
action settlement.
Settlement Checks for
$25 were mailed out on September 29, 2011 from Irvine, California. If you filled out and timely returned a Claim
Form then you should receive the payment within a few days. The deadline to submit Claim Forms, or to opt
out or object, passed as of July 20, 2011. No late Claim Forms will be
accepted. The Court granted final
approval to the settlement.
There
was a class action settlement that paid monetary compensation to tenants of
certain California Apartment Complexes. In general, this includes tenants who
resided at
·
an
apartment complex owned by AIMCO from June 5, 2002 to March 12, 2010
·
an
apartment complex owned by BRE from May 25, 2001 to March 12, 2010
·
any
apartment complex in California that used ISTA or Viterra for utility billing
from May 25, 2001 to March 12, 2010
AIMCO
and BRE apartment complexes have agreed to make improved disclosures in future
leases about charging tenants for utility service
in the common area.
ISTA
has agreed to include more information about debtor rights in their billing
statements and late notices to tenants.
In
addition, if you submitted a timely and valid Claim Form, it is now being
processed. Some Claim Forms were missing
signatures or other information so these will be evaluated closely to see if
they can be honored.
