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Norvergence Lease Assignees



A class action lawsuit has been commenced against approximately fifteen telecommunications lease financing companies and 40 other corporations on behalf of a nationwide class of persons and entities who leased telecommunication and/or network computer equipment from Norvergence Inc. The defendants were assignees of leases and equipment rental agreements entered into between individuals/businesses and Norvergence. The suit alleges that the leases violated various state and federal statutes including the Consumer Fraud Act, the FTC Holder Rule, the Truth-in-Consumer Contracts, Warranty & Notice Act, and that the leases constitute breaches of contract, and breaches of implied and express warranty.

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