On November 23, 2020, the New York State Attorney General filed a lawsuit against Leasing Expenses Co., NLS Equipment Finance (“NLS-EF”), and related individuals and companies, alleging that they were illegally collecting payments on leases that the Court had rescinded (cancelled) in a previous lawsuit against an affiliate called Northern Leasing Systems (“Northern Leasing”). In the November 2020 lawsuit, the Attorney General proved that Leasing Expenses Co. and NLS-EF were continuing the fraud and deceptive practices the Court had ordered Northern Leasing to stop and were often targeting the same victims. In decisions dated February 26, 2021 and March 16, 2021, the Court ordered Leasing Expenses Co. and NLS-EF to stop these practices and to return all the money they had collected on the unlawful leases.
You may have seen a previous notice about or submitted a Claim Form in the separate Northern Leasing lawsuit. This website is about the Leasing Expenses Co. and NLS-EF lawsuit.
WHAT IS THIS LAWSUIT ABOUT?
In 2016 the New York State Attorney General filed a lawsuit against Northern Leasing Systems, Inc. (“Northern Leasing”) and related companies and individuals. In that lawsuit, the Attorney General proved that Northern Leasing used fraud and other deceptive practices to trap small business owners and employees across the country into lease agreements for over-priced credit card processing equipment. The Court issued an order rescinding (or canceling) these leases and ordered Northern Leasing to pay restitution to the victims of the scheme. The Court also ordered Northern Leasing and the related companies and individuals to stop collecting payments on the unlawful leases and barred them from starting new leases or selling the illegal leases to anyone else.
This website is about a related lawsuit that the New York State Attorney General filed against Leasing Expenses Company LLC (“Leasing Expenses Co.), NLS Equipment Finance LLC (“NLS-EF”), and related companies and individuals, all of which are affiliated with Northern Leasing. In this lawsuit, the Attorney General proved that Leasing Expenses Co. and NLS-EF were collecting on the same leases that the Court had cancelled in the previous case against Northern Leasing, and that Leasing Expenses Co. and NLS-EF were continuing the same fraud and deceptive practices the Court had ordered Northern Leasing to stop. The Attorney General also proved that Leasing Expenses Co. and NLS-EF victimized many of the same business owners Northern Leasing had victimized, as well as targeted new businesses. As a result, the Court ordered Leasing Expenses Co. and NLS-EF to stop these practices and return all the money collected on their illegal leases.
RIGHTS OF MEMBERS
You may be eligible to get a restitution payment if Leasing Expenses Co. or NLS-EF entered into a lease with you and/or collected money from you or your business to pay a lease.
To apply for a restitution payment, please complete and return the Claim Form that was mailed to you (postmarked by) or submit a claim on this website by June 2, 2026.