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July 2011

Case in Point

Office equipment lessor settles claims it overcharged lessees

The class alleged, among other claims, that the lessor’s implementation of a 5 percent increase on the monthly payment for their copier leases constituted a breach of contract. Suit claimed that class members had no choice but to pay the increase because immediate removal of the copiers would damage their businesses. The parties reached a $4.9 million settlement. Kenneth Hackett & Assocs., Inc. v. GE Capital Info. Tech. Solutions, Inc.

 

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