LISA TAGGART, et al. v EAGLE ONE FEDERAL CREDIT UNION

August Term, 2021, No. 00965 in the Court of Common Pleas of Philadelphia County, Civil Trial Division

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NOTICE OF PROPOSED CLASS ACTION SETTLEMENT

You may be entitled to receive a settlement payment in connection with a class action against Eagle One Federal Credit Union

A Pennsylvania Court has authorized this notice.
This is not a solicitation from a lawyer.
You are not being sued.

  • This settlement resolves a lawsuit over whether Eagle One Federal Credit Union (“Eagle One”) sent borrowers proper notice of their rights after vehicle repossession.
  • Eagle One denies and disputes the claims asserted in the Litigation.The parties disagree about whether any money (and if so, how much) could have been awarded to you if the Plaintiff were to prevail at trial.The settlement avoids the costs and risks to members of the Class like you from continuing with the lawsuit, and provides relief to the Class.
  • This settlement will: (a) provide a gross fund of $300,000 to be distributed to Class Members after payment of administrative costs, Class Counsel fees and costs, and a service award to Plaintiff; and (b) require Eagle One to request credit reporting agencies to delete your auto loan history from your credit report, in accordance with the proposed Class Action Settlement Agreement.
  • Your rights are affected whether you act or not.Read this notice carefully.

Your Legal Rights and Options in this Settlement:

Do Nothing

If the settlement is approved by the Court as presented, Eagle One will request the credit reporting agencies to delete your loan history from your credit report. You will also be paid your proportionate share of the net settlement proceeds.

Exclude Yourself

Get no payment.  This is the only option that allows you to ever be part of any other lawsuit against Eagle One concerning repossession or financing of your vehicle.  Act by May 22, 2023.

Object

Write to the Court about why you don’t like the settlement and do not want it approved.  Act by May 22, 2023.

Go to a Hearing

Ask to speak in Court about the fairness of the settlement on July 12, 2023.
  • These rights and options – and the deadlines to exercise them – are explained in this notice.
  • The Court in charge of this case still has to decide whether to approve the settlement.Payments will be made if the Court approves the settlement and after any appeals are resolved.Please be patient.

For more information or to review key documents or the class action settlement agreement, you can visit the Important Court Documents section.