NorVergence Legal Co-op Sept. Newsletter

"Each week this newsletter features ‘the big picture' interview with the senior attorneys at Weir & Partners LLP, the law firm representing over 1,500 ex-Norvergence customers who are proactively suing their Norvergence equipment leasing company to get themselves out of the Norvergence rental agreement. "

http://playaudiomessage.com/play.asp?m=220310&f=ZFPYJG&
ps=14&c=FFFFFF&pm=1&h=29

The following is offered to help you know which leasing companies have settled where.

CIT - New Jersey Settlement New York Settlement Connecticut, the District of Columbia, Delaware, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Jersey, Pennsylvania and Rhode Island

Court Square - Florida, New Jersey

De Lage - New York Settlement New Jersey

GECC/ABB - New Jersey Settlement New York Settlement Connecticut, the District of Columbia, Georgia, Illinois, Maryland, New Jersey, North Carolina, Pennsylvania and South Dakota.

Irwin - New York Settlement

Patriot - Florida Settlement

TCF - New York Settlement All states

US Bancorp - Florida Settlement New York Settlement Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Georgia, Illinois, Kansas, Louisiana, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, Rhode Island and West Virginia

Wells Fargo - Florida Settlement New York Settlement Arizona, Colorado, Connecticut, Delaware, the District of Columbia, Georgia, Illinois, Kansas, Louisiana, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, South Dakota & Washington.

The above is from the September 26, 2005, Issue #22

The original list of all leasing companies who had purchased NorVergence leases as of June, 2004:

1ABB Equipment Leasing CT
2 Bank One IL
3 BB&T NC
4 CCL – Commerce Commercial Leasing PA
5 Celtic Bank UT
6 Cincinnati Financial Corp. OH
7 CIT Technology Financing NJ
8 CitiCapital NY
9 Court Square Leasing PA
10 Credential Leasing PA
11 Crown Bank Leasing FL
12 De Lage Landen PA
13 Dolphin Capital FL
14 Financial Pacific WA
15 First Corporation
16 First Lease
17 Firstcorp OR
18 GE Capital CT
19 IFC Credit Corp. IL
20 ILC – Information Leasing Corp. OH
21 Insight Financial Corp IL
22 Interchange Capital NJ
23 Irwin Business IN
24 Lakeland Bank NJ
25 Liberty Bank CT
26 Madison Capital IL
27 National Penn Bank PA
28 Norvergence PA
29 OFC Capital/ALFA Financial GA
30 Patriot Leasing PA
31 Penn Bank Leasing
32 PFG Commerical Finance
33 Popular Leasing MO
34 Preferred Capital, Inc. OH
35 Primary Financial Corp. PA
36 Source One Capital
37 Sterling National Bank NY
38 Studebaker – Worthington NY
39 TFC Express Leasing RI
40 Toshiba America Info Systems CA
41 US Express Leasing NJ
42 USbancorp MN
43 Wells Fargo Financial Leasing

Note: Several of these companies have resolved or settled all NorVergence leases at this date. Leasing News asked the Federal Trade Commission attorneys what the number is today, those not resolved. We were told it was confidential at this time, but was over 40.