Updated Information on the US Fidelis Consumer Restitution Fund as of May 8, 2015:
The US Fidelis Consumer Restitution Fund is closed to all new claims. The Restitution Fund Committee has authorized an additional payment to distribute the remaining funds to claimants who previously received the minimum distribution from the Restitution Fund. Claimants in Classes 1 (refund claims), 3 (misrepresentation claims) and 4 (all other claims) previously received a minimum distribution of at least $250. The minimum amount to be distributed to all claimants has been increased to $360. Individuals with claims in Classes 1, 3, and 4 will receive a check in an amount that will provide them with a distribution of at least $360. However, checks for less than $5.00 will not be distributed. Class 2 claims (money back guarantee claims) received a prior distribution of $350. The distribution to Class 2 claimants had been increased to $460. Individuals in Class 2 will receive a check for $110. Checks are expected to be issued in May of 2015.
Once the checks are issued, the Restitution Fund will be open for at least 90 days to allow for all checks to clear. Any check not cashed within 90 days of issuance will be void. The Consumer Restitution Fund will not issue a replacement check after your check becomes void. Any checks not cashed within 90 days will be sent to the government agency holding unclaimed property in the state where our records indicate you last resided. You can locate the government agency holding your funds by using the search tools at www.missingmoney.com and/or at www.naupa.org aand claim your funds through that government agency.
If your address has changed since the last distribution, please send a change of address to US Fidelis Claims Administrator, c/o Garden City Group, LLC, P.O. Box 9865, Dublin, OH 43017-5765. If you have questions about your distribution, you can send your questions to email@example.com.
Updated Information on the US Fidelis Consumer Restitution Fund as of January 12, 2015:
The US Fidelis Consumer Restitution Fund will accept claims until February 3, 2015.
Updated Information on the US Fidelis Consumer Restitution Fund as of September 25, 2014:
The US Fidelis Consumer Restitution Fund remains open to accept claims from any consumer who has not previously filed a claim with the Restitution Fund and whose service contract has not expired. The last contract sold by US Fidelis will expire in February of 2015. The Fund will remain open until February 2015 and a period thereafter to distribute any remaining funds, if such funds are available. There is no guarantee of a second distribution of funds to claimants. Any second distribution remains dependent on the number of additional claims filed and paid as well as the payment of expenses. Any distribution to individuals or a class of claimants is further contingent upon the equitable distribution of funds, if any, by the Consumer Restitution Fund Committee.
If your address changes, please update it by sending a change of address to: US Fidelis Claims Administrator, c/o Garden City Group, LLC, P.O. Box 9865, Dublin, OH 43017-5765.
Updated Information on the US Fidelis Consumer Restitution Fund as of December 13, 2013:
The US Fidelis Consumer Restitution Fund announced on December 13, 2013 that approximately 19,000 consumers nationwide will receive more than $9.3 million total in restitution in connection with US Fidelis, a now-defunct dealer of vehicle service contracts. Checks are being mailed to eligible consumers by the Administrator beginning, Friday, December 13, 2013.
US Fidelis was once the nation’s largest dealer of vehicle service contracts. On March 1, 2010, it petitioned for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Eastern District of Missouri. In April 2010, 13 states - Arkansas, Idaho, Iowa, Kansas, North Carolina, Missouri, Maryland, Ohio, Oregon, Pennsylvania, Texas, Washington and Wisconsin - sued the business and its owners over US Fidelis’ deceptive solicitations, illegal telemarketing, robo-calls, and misleading TV ads. The states later agreed to settle claims against the owners in exchange for their agreement to turn over their assets to the bankruptcy estate.
Distributions are being made to consumers who filed claims with the US Fidelis Consumer Restitution Fund, which was established in a 2012 global settlement negotiated by Washington, Texas, Missouri and Ohio Attorneys General, the Official Unsecured Creditors Committee of US Fidelis, Inc., and others involved in the US Fidelis bankruptcy.
Consumers will receive at least $250 each. Those eligible for a refund of their contract will receive partial refunds based on the unused portion of their contract remaining after cancellation but not less than $250. Consumers with “money-back guarantee” refund claims will receive $350 each, and consumers with misrepresentation, telemarketing or other claims will receive $250 each.
The Consumer Restitution Fund will remain open until January 2015, so consumers who have active contracts with a defunct business may still file refund claims.
In addition to the restitution checks being mailed this week, approximately 4,000 consumers already have received $3 million total in restitution from companies that worked with US Fidelis but are still in business.
Representatives from the Ohio, Texas, Missouri and Washington Attorneys General Offices are working with the claims administrator, Garden City Group, LLC, Inc., to oversee the Consumer Restitution Fund and its administration.