This Maryland tenant settlement resolved claims that YES Energy Management charged administration fees while acting without a required collection-agency license; approved claims moved to payment in 2025.
Claims are closed. The initial-list deadline was November 13, 2024, and the supplemental-list deadline was January 13, 2025. The court approved the settlement at the January 31, 2025 hearing, and payments to class members with valid, complete claims began mailing on February 28, 2025.
StatusPayments completed
Payments beganFebruary 28, 2025
Settlement fund$2.8 million
Class size estimateAbout 86,137 people
What the Lawsuit Alleged
The lawsuit alleged that YES Energy Management and its parent, Yardi Systems, acted as collection agencies in Maryland without a required license and charged administration fees in connection with that activity. YES and Yardi denied the claims and maintained that they acted lawfully.
Who Was Included
The class generally included Maryland residents who paid an “Administration Fee” on an invoice sent by YES Energy Management from October 4, 2018, through March 19, 2024. Employees, officers, and directors of the defendants and court personnel were excluded.
How Payments Were Calculated
Valid claimants received a pro rata share based on the administration fees charged to them compared with fees charged to all authorized claimants. When exact fee records were unavailable, the agreement used a presumed payment floor based on 12 months at $4 per month.
The payment pool was reduced by court-approved attorneys' fees, expenses, and administration costs. Filing a claim did not guarantee a particular dollar amount.
Why the Notice ID Mattered
The claim process required the Unique ID and PIN shown on a mailed or emailed notice. Those identifiers were used to access the claimant's pre-populated information and payment options. Claimants could also attest to additional fees, subject to administrator review.
What Former Claimants Should Know
The filing and scheduled distribution stages are over. Former claimants should retain their confirmation and payment record. Open Class Actions cannot retrieve a notice ID, change the administrator's decision, or replace a settlement payment.