JPMorgan Chase is the target of another class action lawsuit claiming that they charged customers unfairly when Chase charged overdraft fees by manipulating the order debit card transactions were posted. The case is entitled In Re: Checking Account Overdraft Litigation, 1:09-MD-02036-JLK and is in the jurisdiction of the United States District Court for Southern District of Florida, Miami Division. If you had a bank account with Chase between the years January 1, 2003 and March 29, 2010 and were charged more than one overdraft fee in one day you might be a class member of this case. ChaseOverdraftSettlement.com provides more details about the lawsuit and how to file a claim. Class members of the Chase Overdraft Fee Class Action Lawsuit also contend that Chase allowed transactions to take place when insufficient funds were available. This was allowed to happen in order to profit Chase according to the lawsuit. Chase has agreed to a $110,000,000 settlement and has agreed not to charge overdraft fess on individual debit card transactions of $5.00 or less. A settlement hearing will be held on December 10, 2012 at 9:30 A.M to determine of the settlement is fair to class members. You do not have to attend in order to take part in the settlement. The hearing will be held at the James Lawrence King Federal Justice Building, 99 Northeast Fourth Street, 11th Floor, Miami, FL 33132 if you wish to attend. If you wish to speak at the hearing please notify the court by providing your name, contact information, a statement that this is your “Notice of Intention to Appear” at the Final Approval Hearing for the Chase Settlement in In Re: Checking Account Overdraft Litigation, 1:09-md-02036-JLK, the reasons you think you should be heard, copies of any evidence you have and your signature. You must do this by 11-05-12.
The class members are represented by the following law firms: GOLOMB & HONIK, P.C, BARON & BUDD, P.C, GROSSMAN ROTH, P.A., PODHURST ORSECK, P.A. and BRUCE S. ROGOW, P.A.. Please do not contact Chase about this lawsuit. If needed you may write to: Chase Overdraft Settlement, P.O. Box 8041, Faribault, MN 55021-9441 or call toll-free 877-552-1296 if you need more information about the Chase Overdraft Settlement. The amount of money any one class member will receive is undetermined at this time and will depend on several factors such as how much money any single claimant was charged in overdraft fees. This is just one of the 30 banks involved in lawsuit over improper overdraft fees.