A class action lawsuit has been filed against Commerce Bank revolving around overdraft fees. If you had a Commerce Bank checking account and paid Overdraft Fees between the dates of April 6, 2004 and August 16, 2012 you may be entitled to a part of the $18.3 million class settlement. Commerce Bank admits no wrong doing in the case but has agreed to settlement terms. Please note that a class member in the case also includes anyone in the state of Illinois who had a checking account and paid overdraft fees between April 6, 2000 and December 31, 2002. The Commerce Bank Overdraft Settlement is in the jurisdiction of the United States District Court for the Southern District of Florida, Miami Division. Any questions or concerns about the lawsuit can be brought to the attention of Settlement Administrator at 1-866-841-764 or by email at info@CommerceBankOverdraftSettlement.com. The class admin website also include the claim form, the detailed notice, settlement agreement and the preliminary court approval order. The case is entitled In re: Checking Account Overdraft Litigation and will be heard before the Honorable Judge James Lawrence King. The following law firms have been appointed by the court to represent class members:
- Kopelowitz Ostrow
- Podhurst Orseck
- Bruce S. Rogow
- Grossman Roth
Class members will not be charged for the services of these law firms but the lawyers will receive a portion of the final settlement. A class member can hire their own attorney but they will have to pay for the services.
In order to receive a settlement payout of any kind a class member MUST file a claim before May 21, 2013. A claim form can be found online at the class admin web portal. The member can file the claim online or by mail. If by mail please send it to:
Commerce Bank Overdraft Settlement
P.O. Box 3775
Portland, OR 97208-3775
A settlement fairness hearing will be held on March 22, 2013 at 10:00 am. The hearing will take place at the United States District Court for Southern District of Florida in Court Room #2 at 99 Northeast Fourth Street, Miami, FL 33132.
The Commerce Bank Class Action Lawsuit is just another of a long string of lawsuits that have been filed in relation to corrupt overdraft fees. Commerce was not the first and it won’t be the last class action lawsuit revolving around these type fees.