Proper Measure Of Restitution Was Time Value Theory Of Money, Panel Affirms

(September 14, 2020, 8:53 AM EDT) -- SANTA ANA, Calif. — A California appeals panel on Sept. 11 found that the proper measure of restitution is the time value of fees for the period when the class members paid loan modification fees and when the defendant could lawfully collect the fees, affirming a lower court's ruling in an unfair competition law (UCL) class action (Rene Marentes, et al. v. Impac Funding Corporation, No. G057616, Calif. App., 4th Dist., Div. 3, 2020 Cal. App. Unpub. LEXIS 5865)....