IDT Energy

October 2017: A federal judge granted preliminary approval of a settlement agreement that will resolve this case along with two others, McLaughlin v. IDT Energy (Case No. 14-cv-4107, E. D. NY.) and Aks v. IDT Energy (Case No. 14-L-04936, New Jersey Superior Court – Essex County). According to the settlement terms, class members may receive cash payments or credits. The amount awarded to each class member will depend on several factors, including the type (i.e., electricity or gas) and amount (i.e., high usage or low usage) of energy used by the customer and the number of months for which the customer is requesting relief. A final fairness hearing is scheduled for April 9, 2018.

June 2015: This case was stayed pending the resolution of a Pennsylvania Public Utility Commission proceeding, Commonwealth of Pennsylvania, et al v. IDT Energy, Inc.

March 2014: A false advertising class-action lawsuit was filed against IDT Energy in March 2014 (and amended in October 2014). The complaint, which was originally filed in state court and later transferred to federal court, alleges that the company promises customers who switch to IDT Energy as their energy supplier will get competitive market-based rates and savings on their energy bills when, in reality, customers pay two to three times more for electricity after the initial “teaser” rate ends. (Ferrare et al v. IDT Energy, Inc., Case No. 14-cv-04658, E. D. PA.).

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