Hall et al v. Trivest Partners, L.P. et al
Case No. 4:22-cv-12743-FKB-CI (E.D. Mich.)
View the settlement website to review case & Settlement documents provided by the Settlement class counsel
Since shortly after Powerhome Solar (“PHS”) filed for Chapter 7 bankruptcy on October 7, 2022, our law firm has been pursuing a class action against several entities related to Powerhome Solar (“PHS”). The case alleges that the Defendants participated in PHS’s fraudulent scheme to sell solar systems using misrepresentations about the systems’ money-saving capabilities.
The Defendants in the class action are (1) W. Jayson Waller, PHS’s co-founder and former CEO and (2) several entities that operate under the umbrella of “Trivest Partners,” a Miami-based private equity firm that partnered with PHS to drive its growth.
The case against the “Trivest” Defendants is ongoing, but a settlement with Jayson Waller has been reached and preliminarily approved by the Court.
The partial settlement is for $575,000, which we know is nowhere near enough to fully compensate the victims of PHS’s scheme. However, we believe it would be nearly impossible to get more money for the Class from Mr. Waller due to his financial limitations. The settlement money is being paid by an insurer, and the insurance policy would likely not be available to cover a trial judgment against Waller- we believe settlement is the only way to obtain these proceeds.
The details of the settlement are available on the settlement administrator’s website, but the simple version is that individual payments will not be made until the entire lawsuit is resolved. This is to avoid potentially wasting a significant portion of the settlement on multiple rounds of payment, especially where individual payments from the Waller settlement will be small in comparison to Class Members’ substantial losses.
The Settlement Class includes anyone who purchased a PHS System on or after January 1, 2018. To learn more about the Settlement we encourage you to visit the settlement administrator’s website.
If we do not already represent you directly, and you want to ensure that you are able to participate in the case against Trivest (regardless of whether the Court ultimately certifies a the class against Trivest), we encourage you to fill out the form on this page. If you qualify and would like us to represent you, we would be happy to add you to the large group of former PHS customers seeking justice against Trivest.
