The U.S. District Court for the Eastern District of California has preliminarily approved a class action settlement, which would require a company to pay $2.7 million to resolve allegations that it provided false information on credit reports to auto dealers. Specifically, the company is accused of inaccurately stating that plaintiffs were listed on the U.S. Treasury Department’s Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) list.
