Law360 (Aug 19, 2021, 10:08 pm EDT) – An Illinois federal judge on Wednesday gave her initial approval of a proposed $ 7 million settlement to end six lawsuits against a bait-and-switch program However, an electricity company allegedly dragged on customers warned that it had “serious concerns” about the value of the deal.
U.S. District Judge Joan B. Gottschall had twice denied the settlement to resolve lawsuits from customer plaintiffs in Ohio, Illinois, New Jersey, Pennsylvania, New York and Massachusetts who alleged Verde Energy had baited her. Switching scheme where they had to pay more for electricity than they expected.
She had refused a premature …
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