Class Action Credit Card Settlement

As a general overview, class action lawsuits involve a large group of people in some capacity: A collective class, formed together over the issue of a faulty product, suing a defendant, or a group of defendants, individual negligent companies, for instance, being sued by or persons. While more class action suits are filed on behalf of product liability claims, other case types end up in court, too, including groups of shareholders suing for fraud, employees for discrimination, and residents over environmental disasters.

With a case, which may be filed in either state or federal court, class action has its pluses. Because a limited number of witnesses overlap, the trial process understandably moves along faster, while the cost of litigation tends to be lower than for individual plaintiffs filing alone.

Additionally, these types of cases also tend to have drawbacks. Before the class action even progresses, the collective group must be named as a class. Federal courts, as well, may conclude class action lawsuits if the defendants are state governments or officials or if the plaintiffs number less than {one hundred,100.

DealBook: HSBC Profit Rises; Bank Is Cooperating With Foreign Exchange Inquiry
The bank said pretax profit rose to $5.1 billion in the three months ended Sept. 30 from $4.6 billion in the period a year earlier.

Merchants: You Could Be Entitled To Compensation
In 2005, retailers brought a class action lawsuit against Visa and MasterCard. The retailers argued that the companies used unfair and monopolistic forces to increase the processing costs.

Interchange Fee – Wikipedia, The Free Encyclopedia
The Payment Card Interchange Fee and Merchant Discount Antitrust Litigation is a United States class–action lawsuit in the credit card industry. A proposed settlement received preliminary approval from the judge overseeing the case in November 2012 but the majority of named class

Merchant Plaintiffs Line Up Against Credit Card Settlement …
Merchant Plaintiffs Line Up Against Credit Card Settlement By ROBB MANDELBAUM. The Agenda. Now a majority of the named merchant plaintiffs in the suit have announced opposition to the settlement. In the class–action lawsuit,

Chase Agrees To $100 Million settlement Over Minimum Payment Hike
Chase agrees to $100 million settlement over minimum payment hike By Martin Merzer. The nation's largest issuer of credit cards, JPMorgan Chase & Co., has agreed to settle a major class action lawsuit that charged the bank with breaking a promise to more than 1 million customers

STIPULATION AND AGREEMENT OF SETTLEMENT WITH BANK OF AMERICA …
“Credit Card” means a general purpose payment card that extends to Cardholders a revolving line of credit or that require payment of an amount due by a due date. Approving Class Action Settlement as to Defendants Bank of America, N.A. (USA) (n/k/a FIA

OFFICIAL COURT NOTICE OF SETTLEMENT – CPT Group Inc
A proposed settlement has been reached in a class action lawsuit now pending in the United Stated District Court for the Southern District of California, entitled Ramon Gutierrez and Clariza Gutierrez, as well as Class Members who have an open credit card

Computing Center Sitemap – Page 75 2013-07-16
Schools also benefit in last-minute $1.1 billion class action antitrust settlement. The Game Room: Free Retro Games Bank account, credit card, and social security numbers for as many as 55,000 customers was stolen from a database.

Www.PaymentCardSettlement.com – Payment Card Interchange Fee …
The Payment Card Interchange Fee Class Action Lawsuit is entitled In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation and revolves around claims that credit card companies conspired with major banks to fix interchange, or swipe, fees charged to merchants when customers

TO CHASE CREDIT CARD HOLDERS WHO WERE ENROLLED IN A PAYMENT …
TO CHASE CREDIT CARD HOLDERS WHO WERE ENROLLED IN A PAYMENT PROTECTION PRODUCT BETWEEN SEPTEMBER 1, 2004 AND NOVEMBER 11, 2010 You may be entitled to a payment under a proposed class action settlement.