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Twenty-First Judicial Circuit Court for St. Louis County, Missouri
If you owned property repossessed by one of the Counterclaim Defendants listed below, you could benefit from a class action settlement.
A court authorized this notice.
You may be eligible to participate in a settlement with benefits, including money, the write-off of alleged deficiencies, and the deletion of certain negative credit information from credit reports for all persons with a secured collateralized loan or financing agreement with EMVLP, LLC, EMVLP II, LLC, Twenty-One Eighty-Five, LLC, State Farm Bank, F.S.B. or Afni, Inc. (collectively, “Counterclaim Defendants”) whose collateral was repossessed and who were mailed a presale and post-sale notice. The settlement resolves a lawsuit over whether Counterclaim Defendants sent proper notices to you in connection with attempting to collect on your loan by repossessing and selling your property. This settlement avoids costs and risks to you from the lawsuit; provides benefits to borrowers like you; and releases Counterclaim Defendants from liability.
The parties disagree on whether the borrowers could’ve won and the amount of money they would’ve been entitled to had they won. Counterclaim Defendants deny the allegations in the lawsuit and the Court has not decided that the borrowers are entitled to any money at all. The Parties agreed to this settlement to resolve the lawsuit.
Your legal rights are affected whether you act or don’t act. Read this notice carefully.
Consult your tax adviser about the tax issues associated with this settlement. Relief provided under this settlement, including money and debt reduction, may be subject to tax.
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Your Legal Rights and Options in this Settlement |
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Do Nothing |
By doing nothing, you will receive the benefits that come from the settlement, including money. But you give up rights to separately sue Counterclaim Defendants about the same legal claims asserted. |
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Exclude Yourself |
Get no money or benefits. This is the only option that allows you to ever be part of any other lawsuit against Counterclaim Defendants about the legal claims. |
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Object |
Write to the Court about why you don’t like the settlement. |
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Go to a Hearing |
Ask to speak in Court about the fairness of the settlement. |
These rights and options—and the deadlines to exercise them—are explained in the notice.
The Court must still decide whether to approve the settlement. Money and benefits will be provided if the Court approves the settlement and after any appeals are resolved. Please be patient.