Tag: Chase Bank

Court grants final approval to excessive overdraft class action settlement against JPMorgan Chase

January 8, 2013 by

On December 20, 2012, Judge King in the Southern District of Florida granted final approval to a settlement that provided $100 million in cash, and $52 million in future savings to the class because of a changed business practice at JPMorgan Chase.  The settlement was between JPMorgan Chase and its customers who were allegedly charged

Judge Chesney preliminarily approves Chase check loan class action settlement

August 16, 2012 by

On August 9, 2012, Judge Maxine Chesney, a federal judge in the Northern District of California preliminarily approved the $100 million class action settlement of the Chase Check Loan Class Action I previously wrote about on this blog.  The Fairness Hearing is scheduled for November 16, 2012, where the court will determine whether to grant

Former brokerage client files class action against JPMorgan

August 1, 2012 by

A former brokerage client has sued JPMorgan Chase & Co. for allegedly steering him and other investors to overpriced, underperforming funds to boost the bank’s fees and profits.  According to the complaint, JPMorgan falsely represented its financial advisers were operating under fiduciary duty to clients, while its bonuses encouraged the sale of proprietary funds.  The

Class action filed against Chase Bank by customers who used convenience checks

April 25, 2012 by

A class action lawsuit has been filed against Chase Bank USA, National Association and Chase Bankcard Services, Inc. in the United States District Court for the Northern District of Illinois, entitled Gerald Maher v. Chase Bank USA, National Association and Chase Bankcard Services, Inc..  The complaint alleges that Chase sent convenience checks to Chase credit card

Montana farmers file class action against Pricewaterhouse and JPMorgan Chase relating to MF Global Accounts

January 20, 2012 by

The MF Global financial trading scandal reached Missoula on Monday when a group of Montana farmers filed a class action lawsuit to recover money they claim was stolen from their personal accounts with the New Jersey firm.  “When Jon Corzine bet the farm on some European sovereign debt, he was betting our farms,” Fairfield farmer

JPMorgan Chase faces class action over illegal kickbacks

December 27, 2011 by

A class of JPMorgan Chase customers claims the bank and its affiliate Cross Country Insurance took millions of dollars in illegal kickbacks and “an unlawful split of private mortgage insurance premiums paid by JPMorgan’s customers” to private mortgage insurers. The five named plaintiffs were purchasers of private mortgage insurance and claim JPMorgan spun a “captive

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