JetSmarter Class Action Arbitration Settlement could be scuttled

JetSmarter

A petition to vacate the proposed class arbitration awards in the case of JetSmarter could lead to more filings, say several lawyers

“It’s never over till it’s over,” said the late Yankees’ Hall of Fame catcher Yogi Berra. And, the city so nice they named it twice is at the center of one former JetSmarter member’s effort to vacate the current class action arbitration against the jet-sharing company that is currently moving through the system in Florida.

Former JetSmarter member Derek Milosavljevic is seeking to put a stop to the proposed Class Action Arbitration settlement currently taking place in Florida.

A petition filed in the United States District Court, Southern District of New York is seeking to scuttle a proposed class action arbitration settlement that is due to be approved as soon as early July.

CNBC reports the FBI and US Attorney have questioned JetSmarter customers

JetSmarter

Two former customers of the private jet-sharing service told the cable news network they were interviewed by law enforcement in March

JetSmarter is hoping to put its troubles behind it. Earlier this month, without admitting guilt, it agreed to settle a class action arbitration for $6 million. It also agreed to be acquired by Dubai-based Vista Global, parent of VistaJet and XOJET. However, a CNBC report yesterday says JetSmarter may be under investigation.

JetSmarter agrees to settle Class Action Arbitration filing

JetSmarter

The jet sharing broker remains the subject of individual lawsuits, however, up to 12,000 members may be eligible for cash and credits under a proposed Class Arbitration settlement

We take an in-depth look at the value of the proposed settlement

Anyone who was a member of JetSmarter from September 5, 2014 until June 19, 2018 should be receiving a Notice of Settlement (Arbitration Matter No. 01-18-0003-3338) as part of a Class Action filed via arbitration last September. It’s estimated as many as 12,000 former and current members of the private jet plane sharing membership program could be eligible.

The proposed settlement offers members of the Class a net distribution of $2,975,000 plus potentially tens of millions of dollars in free membership extensions and flight credits.

The action was filed by Solowsky & Allen, P.L., a Miami law firm, which also apparently negotiated the settlement with JetSmarter. Requests for comment were not returned from either Solowsky & Allen or a second law firm listed on the settlement notice.

“Scam” JetSmarter” hit by another lawsuit seeking at least $2.2 million in damages

A “senior” couple say they were “scammed” by JetSmarter for $30,000 weeks before the company started cutting back on its scheduled flights with the free seats they were expecting

 

With each lawsuit – this is at least the seventh Private Jet Card Comparisons has tracked – the stories about JetSmarter’s sales tactics get more troubling. Even as management was pivoting its model of paid annual memberships in return for the ability to book free seats on scheduled private jet shuttles, its sales team was continuing “high-pressure” tactics trying to push even more expensive memberships while telling the media that it was focusing on more accessible pricing.