YES Energy Management Pays $2.8M Settlement Over Unlawful Administration Fees
Deadline
Deadline: January 13, 2025
Total Settlement Amount
Total amount allocated for all claims
Individual Payout Range
Estimated amount per eligible claim
Proof of Purchase
Unique ID and PIN number provided on the class action notice, Information regarding the administration fees paid
Settlement Summary
In recent developments, YES Energy Management, Inc., a third-party utility billing company, and its parent company, Yardi Systems Inc., agreed to settle a $2.8 million class action lawsuit, Sullivan v. YES Energy Management. The lawsuit alleged that YES Energy Management illegally charged administrative fees to Maryland residents who paid their utility bills electronically. The case asserted that YES Energy Management and Yardi Systems acted as collection agencies without a legally required Maryland collection agency license, thus violating Maryland law by levying fees in connection with that unauthorized activity. YES Energy Management is a subsidiary of Yardi Systems, Inc., a company that primarily operates in the real estate industry, managing investments, properties, assets, and energy.
Entities Involved
Eligibility Requirements
- Must be a Maryland resident
- Paid an 'Administration Fee' on an invoice sent by YES Energy Management, Inc.
- Paid the fee during the period beginning October 4, 2018, through and including March 19, 2024
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