Violation Tracker Individual Record

Company: 
De Lage Landen Financial Services, Inc.
Current Parent Company: 
Rabobank
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 Parent: 
Netherlands
Ownership Structure of Parent: 
cooperative
Major Industry of Parent: 
financial services
Specific Industry of 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.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.