$2.8M YES Energy Management Administration Fee Class Action Settlement

Adobe | Published: November 7, 2024

Claim Form Deadline: January 13, 2025

Payout: Varies

Proof required: Yes

What's the $2.8M YES Energy Management Fees Class Action?

A $2.8 million class action lawsuit, Sullivan v. YES Energy Management, Inc., alleges that YES Energy Management charged unlawful administration fees to Maryland tenants when they paid their utility bills electronically. YES Energy Management has agreed to settle the class action lawsuit for $2,800,000.

The lawsuit claims that YES and its parent company, Yardi Systems, Inc., acted as collection agencies in Maryland without a legally required Maryland collection agency license and violated Maryland law by charging fees in connection with that unlicensed activity.

Who is YES Energy Management and Yardi Systems, Inc?

YES Energy Management is a third-party billing company that works with property management companies to handle utility billing for residential properties.

YES Energy Management, Inc. operates in Maryland as part of its utility billing services for residential properties. YES Energy Management, Inc. is a subsidiary of Yardi Systems, Inc., an investment, property, asset, and energy management company that works primarily in the real estate industry.

What is the Total Settlement Amount?

The total YES Energy Management and Yardi Systems, Inc. settlement amount is $2,800,000.00.

How Do I Qualify For a Payout?

To potentially qualify for a payout, you must be a Maryland resident who paid an "Administration Fee" on an invoice sent to you by YES Energy Management, Inc. during the period beginning October 4, 2018, through and including March 19, 2024.

How Do I Find Class Action Settlements?

Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

How Much Can I Get Paid?

The amount you can get paid will be determined by a pro rata distribution of the Settlement Fund, based on the amount of administration fees charged to you compared to the total amount of administration fees charged to all Authorized Claimants. If YES Energy cannot identify the precise fees paid by a particular Settlement Class Member, it will be presumed that the member paid an "Administration Fee" for twelve (12) months during the Class Period at a rate of $4 per month.

How Do I File a Claim?

To file a claim, you can either submit an online claim form through the settlement website or download and mail a claim form to the Settlement Administrator. The deadline for filing a claim is November 13, 2024, for "Initial Class List" class action members and January 13, 2025, for "Supplemental Class List" class action members. You can learn more about which list you may be part of on the official YES energy management class action settlement website (linked below).

Do I Need Proof to File a Claim?

To file a claim you will need to provide a unique ID and PIN number. You should find this information on any notice you received stating that you are included in the YES energy class action settlement. There you can find a 10-character alphanumeric “Unique ID” and a 4-digit “PIN” at the top of the class action notice, whether it was sent to you by mail or email. If you did not receive a notice, and believe you should be part of the class action lawsuit, or have misplaced it, please reach out to the official class action administrators.

You may also be requested to provide information regarding the administration fees you paid. If YES Energy has information about the exact amount of Administration Fees charged to you, that information will be included on the class action list, and your claim form will be pre-populated with the amount of Administration Fees paid. If YES Energy cannot identify the precise fees paid by you, you will have the option to attest to whether you paid additional fees beyond the presumed amount.

Claim Form Website: SullivanClassAction.com

Submit Claim

Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.

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