A proposed settlement (the “Settlement”) of $400,000 has been reached to resolve a class action lawsuit entitled Diaz, et al. v. New Century Investment, LLC, et al., Los Angeles County Superior Court of California Case No. 23STCV01891 (the “Action”). The people who sued, Gerardo Diaz and Bobbi Caranza, are called “Plaintiffs.” The entity that is sued, New Century Investment, LLC, is called “Defendant.”
The purpose of this website and the Notice of Proposed Class Action Settlement (“Notice”) is to briefly describe the Action, to inform you of your rights and options in connection with the proposed Settlement, and to provide other important information.
You may be eligible to receive a payment under the settlement and may be bound by the release of claims described in the notice and the settlement agreement filed with the court, unless you timely request to be excluded from the Settlement.
Your Legal Rights and Options in the Settlement | |
Do Nothing | You will receive a share of the Settlement proceeds. You will also give up your right to pursue a separate legal action against Defendant for the claims alleged in this Action. |
Exclude Yourself from the Settlement | You have the option to pursue a separate legal action against Defendant about the claims in the Action. If you choose to do so, you must exclude yourself, in writing, from the Settlement. As a result, you will not receive any benefits under the Settlement. |
Object to the Settlement | To object to the Settlement, you must write to the Court about why you disagree with the Settlement. You will still receive a share of the settlement proceeds. This option is available only if you do not exclude yourself from the Settlement. |
These rights and options, as well as deadlines, are further explained on the FAQs page of this website.
Upcoming Important Dates
Notification Mailing
4/30/2025
Opt Out Deadline
6/14/2025
Objection Deadline
6/14/2025
Final Approval Hearing
8/25/2025 at 10:00 a.m.