A settlement has been reached in Stashuk v. Real Car Cash Inc. et al, British Columbia Supreme Court, Vancouver Registry No. S120022.
The action alleges that New Finance Services Inc. (which was operating out of a Real Car Cash location.), and its owner (the “NFS Defendants”), provided loans in a manner contrary to the Criminal Code and seeks to recover monies alleged to have been unlawfully received in relation to these loans. The NFS Defendants deny these allegations, and they remain unproven.
On December 14, 2018, the Honourable Mr. Justice Bowden of the British Columbia Supreme Court approved the settlement of this class action as against the NFS Defendants. No settlement has been reached in connection with loans provided solely by Real Car Cash Inc. The settlement does not constitute an admission by or a finding of liability against the NFS Defendants, and is a compromise of disputed claims.
Am I entitled to compensation?
You may be entitled to compensation if you borrowed and repaid a loan from New Finance Services Inc. You can contact Bennett Mounteer LLP at (604) 639-3680 if you are uncertain if you are entitled to compensation.
What are the terms of the settlement?
Each Class member submitting a claim is entitled to receive a refund of up to 100% of the eligible loan fees they paid.
To fund the payment of claims, the NFS Defendants have established a Settlement Fund of $67,247. The precise amount of your refund will depend upon the total amount of the claims made against this Settlement Fund, and may be reduced to pay your share of the administrative and legal expenses approved by the Court. If the amount of the Settlement Fund available to pay claims is less than the total amount of the claims made, you will receive a pro rata (reduced) share of the Settlement Fund.
The complete terms and conditions of this Court approved settlement are contained in the Settlement Agreement, which is available at in the Court Documents section.
How do I make a claim?
To receive compensation under the settlement, each Class member must complete the online Claim Form by June 15, 2019.
You must submit a Claim Form on or before June 15, 2019 to receive compensation under this settlement.