Previous Settlement Bars Repo Tax Windfall Suit, Ally Argues

Law360, New York (May 2, 2014, 4:04 PM EDT) -- Ally Financial Inc. on Thursday asked a California federal judge to junk a proposed class action accusing the lender of claiming allegedly unearned tax benefits from repossessed vehicles, arguing the plaintiffs are bound by a settlement in a similar suit that was approved months before their suit was even filed.

Ally argued that lead plaintiffs Joseph and Danielle Riley are members of a class that was preliminarily certified by a California state court in June 2013 in a near-identical lawsuit. That lawsuit also accuses the lender...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Riley et al v. Ally Financial Inc.


Case Number

3:14-cv-01035

Court

California Southern

Nature of Suit

Contract: Other

Judge

Cynthia Bashant

Date Filed

April 24, 2014

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.