The Owner-Operator Independent Drivers Association and the trucking company C.R. England have reached a settlement in a case regarding compliance with federal regulations governing the leasing relationship between motor carriers and truck owner-operators, according to the OOIDA website Landlinemag.com.
In June 2002, OOIDA, which represents owner-operator truckers, along with three of its members, filed a class action lawsuit against the Salt Lake City-based company in federal court on behalf of individual owner operators, alleging that England violated the federal “Truth-in-Leasing” regulations.
Under the terms of the settlement C.R. England will pay $3 million to settle all claims, including attorneys’ fees and costs.
The settlement covers all owner-operators who leased equipment and services to England from June 2, 1998, through May 15, 2006, which includes approximately 7,000 drivers.
If the court approves the proposed settlement, class members will receive settlement compensation depending on which version of the lease they signed, according to Landlinemag.com.