Personal Financial Services, Inc. v. General Motors Acceptance Corp.

RULING ON MOTION TO DISMISS

THOMPSON, District Judge.

The plaintiffs, Personal Financial Services, Inc. (“PFS”) and Robert Lanna, (“Lanna”) bring this suit individually, and on behalf of all others similarly situated, against defendant General Motors Acceptance Corporation (“GMAC”). The plaintiffs allege, inter alia, that the defendant’s failure to notify lessors of the profits it derived from the security deposits for its automobile leases, and to pass those profits on to the lessors, violates Section 9-207(2)(c) of the Uniform Commercial Code, (the “UCC”) as codified in Conn. Gen.Stat. §…