www.leasingnews.org/archives/May%202008/05-09-08.htm -
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Published on: 7/3/1995
Last Visited: 8/31/2008
"Northern Leasing Systems has always prided itself on the fairness of its business practices and the open dialogue it fosters and maintains with its customers," Jay Cohen, Chairman and Chief Executive Officer of Northern Leasing Systems, said."We have hundreds of thousands of customers.Inevitably, there will be instances of customer complaints , justified or not.We stand by the actions of our officers and employees in fairly and openly communicating in writing the terms and conditions of our leases."
Jay Cohen pointed to the opinion of one of the dissenting judges in the case, who noted that the company's contracts did not appear designed to deceive and that there is no basis for thinking that Northern Leasing Systems supervised or instructed anyone to misrepresent the terms of the contracts.The company reiterated its steadfast position that the facts of the case will show that its officers acted properly in all aspects of their business activities.
"We take our reputation in the marketplace very seriously," he said, "and look forward to ultimately prevailing over these baseless allegations."