Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: De Lage Landen Financial Services, Inc.
Current Parent Company: Rabobank
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $872,000
Year: 2005
Date: August 18, 2005
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: De Lage Landen agreed to write off $872,000 in small business debt to settle multistate litigation relating to a consumer fraud perpetrated by NorVergence, Inc., a bankrupt New Jersey-based telecommunications company.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Netherlands
Ownership Structure of Current Parent: cooperative
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: Attorney General Madigan Settles Norvergence Claims with Fifth Leasing on Behalf of Illinois Small Businesses, US States News, August 18, 2005 (via Nexis).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.