Mercado, et al. v. Verde Energy USA, Inc., et al.

If you enrolled in one of Verde’s variable rate electricity plans in connection with property located in New Jersey, Illinois, New York, Ohio, Massachusetts, and Pennsylvania, you may be entitled to payment from a Class Action Settlement.

A settlement has been proposed in a class action lawsuit against Verde Energy USA, Inc., Verde Energy, USA Ohio, LLC, Verde Energy, USA Massachusetts, LLC, and/or Verde Energy, USA New York, LLC (referred to as “Verde” or “Defendants”) claiming that Defendants solicited customers by promising a variable rate for energy that was to fluctuate based on market conditions, and that the rate was allegedly not priced in accordance with market conditions.

Plaintiffs maintain that Defendants’ actions constitute violations of various states’ consumer protection laws, as well as other laws. Defendants deny Plaintiffs’ claims and charges, deny that they violated any laws, and maintain that their actions have been in accordance with their contractual commitments and not deceptive. Both parties have agreed to settle the lawsuit.

Your legal rights may be affected whether you act or do not act. Read this website carefully.

Your Legal Rights and Options

Do Nothing	If you do nothing, you will be bound by the Settlement, if it is approved.
Exclude Yourself	Write to the Settlement Administrator if you do not want to benefit from, or be bound by, the Settlement. The deadline to exclude yourself was December 1, 2021.
Object	File an objection with the Court if you are not satisfied with the Settlement. The deadline to object to the Settlement was December 1, 2021.
Go To A Hearing	If you file an objection and a notice of intent to appear, you may speak in Court or electronically about the fairness of the Settlement. The Final Approval Hearing was held on December 17, 2021. The Court granted final approval on December 17, 2021.
Make A Claim	Make a claim for benefits under the Settlement. The deadline to make a claim was March 31, 2022.

Your legal rights and options—and the deadlines to exercise them—are generally explained on this website and in the Frequently Asked Questions (FAQs). Your legal rights may be affected whether you act or do not act. Please read this information carefully.