Class Members who may be entitled to receive a cash payment under the settlement include persons who received services in the State of New York who were enrolled as a customer of Ambit and were on any of Ambit’s Guaranteed Savings Plans at any
Last week, a class action lawsuit alleging that Ambit Energy Holdings LLC unfairly hiked up its rates was dismissed by a New Jersey judge who ruled that Ambit had disclosed its rates in its terms of service.
Ambit typically offers customers one or two-year fixed-rate contracts for utilities. After the contracts expire, services may automatically switch to variable-rate plans unless customers manually renew the fixed-rate plans. In some cases Ambit's