If you used Dividend Solar to finance a solar loan, you may have been charged an illegal fee that violates federal law. In some cases, those fees were for tens of thousands of dollars. Lawsuits are alleging that they violated a federal law called the Truth In Lending Act, or “TILA.”
Our law firm is representing clients in lawsuits against Dividend Solar (now operating under Fifth Third Bank, which may also appear as a name on your solar agreement). The lawsuits from all around the country have been grouped into a federal court in Minnesota, and one of our attorneys has been appointed to a committee of lawyers to help pursue these lawsuits.
We’ve filed lawsuits on behalf of dozens of people against Dividend, and we’re looking for more. We’re happy to review your loan agreement to see if the fees were illegal. If there were, the Truth In Lending Act allows damages of up to three times the amount of the illegal fee. We can’t guarantee we’d recover that much, because it’s always possible the lawsuits don’t succeed. But if you were charged one of the fees we’ve seen, we think there is a good chance of a significant recovery.
What experience does your firm have?
Our law firm has settled a number of cases for consumers. For example, we recently settled a class action for $12.5 million over allegations of false representations about diet pills, and a $5.5 million settlement in a class action about computer parts. We’re one of the most active law firms in pursuing recovery for victims of solar fraud.
We’ve represented hundreds of clients, and have obtained arbitration awards for many of them. For example, we recently obtained an award for $86,223.72 for a solar client, and have had many awards for tens of thousands of dollars for solar clients. We can’t guarantee similar results, but we fight hard for our clients. Click here to fill out our short questionnaire below for a free case review.
Is this a class action?
There are class actions against Dividend Solar, but we’re looking for people who would like to pursue their claims on their own. A class action under TILA has limits to how much it can recover – usually $500,000 in total, across everyone who was hurt. For a big banking company with thousands and thousands of solar loans, that’s not much.
But people who sue separately aren’t subject to that limit. For an individual suing, we’ve seen people with fees we believe were illegal that are $20,000 or more. And TILA allows triple damages if the person wins.
You can see how it’s a lot better if you’re willing to file your own lawsuit in this case.
Do I Have To Pay Up Front To Participate?
In short, no. We are taking these cases on a contingent fee basis, which means unless we win, we wouldn’t charge you a fee. If we do win your case, there would be a contingent fee as well as any costs, and you’ll be able to see the details in the agreement with our firm. If we lose, there isn’t any charge to you, and our firm pays the costs itself. We think that’s fair and that you shouldn’t have to pay us if we can’t recover anything for you. Click here to fill out our short questionnaire below for a free case review.
Can I Sue For Other Problems With My Solar Panels?
You may be able to, but in this situation, we’re specifically targeting the illegal fees charged by the lender. We think the amount at issue would be very large for many victims given how much was being charged, and the damages allowed under TILA. We probably would not be able to help you with those issues against Dividend Solar.
The Cases Are In Minnesota – Do I Need To Live There?
No, you don’t need to live in Minnesota to participate – that’s just where all the cases are being handled, because sometimes the courts decide it’s easier for one judge to handle them all. People from all around the country have their lawsuits being handled by a judge there who has become very familiar with all the legal issues.
What Would I Need To Do To Participate?
If you want to sign up with our firm, fill out our intake form with your details. We will want to review your loan agreement with Dividend and any other agreements you have related to your solar panel system. We’ll contact you and if we think you have a good claim, we would file the case in the federal court handling these cases.
Disclaimer: This post is for informational purposes only and does not constitute legal advice or create an attorney-client relationship. Every case is different, and results depend on the specific facts of your situation. Contact us for a free evaluation to discuss your individual circumstances.