Popular Leasing making settlements?

Leasing News has received an unconfirmed report that “Popular settled with NY AG for 15% with a 3% discount if debt paid in lump sum” regarding NorVergence leases.

In a recent article, Leasing News noted the settlement in Arizona, and was told Popular Leasing was actively pursuing this course in many other states rather than continuing to go to court, particularly in Texas.

New York Attorney General Attorney General Eliot Spitzer and his staff were the first to obtain major settlements with funders of NorVergence leases. They lead the way for 28 other attorneys general offices and the District of Columbia to also obtain settlements, originally from the companies Spitzer was about to get from 100% to 85% of the money owed returned, including personal property tax and other fees, plus payments spread over a period of time at not interest, if requested.