You are a Settlement Class Member, and you are affected by these Settlements, if (a) between October 1, 2007 and November 12, 2021, you (b) paid an
unreimbursed surcharge to a withdraw cash from a bank ATM in the United States, (c) using a card issued by a financial institution
in the United States.
A class action lawsuit was brought on behalf of ATM cardholders who used a bank ATM owned by an entity different from the entity that issued the ATM
card and were assessed an ATM surcharge. The lawsuit alleges the Defendants violated federal antitrust laws by participating in an unlawful agreement
that allegedly had the effect of increasing the amount of ATM surcharges paid by the Class. The Defendants deny these allegations. The Court has not
decided who is right.
Three Defendants have agreed to settle the lawsuit – JPMorgan & Chase Co. (“JP Morgan”); Wells Fargo & Co. and Wells Fargo Bank (“Wells Fargo”); and Bank of America, N.A. and Bank of America Corp. (“Bank of America”). These Defendants are collectively referred to as the “Settling Defendants.”
The lawsuit is continuing against the remaining Defendants, namely: Visa Inc.; Visa U.S.A. Inc.; Visa International Service Association Plus System, Inc.; Mastercard Inc.; Mastercard International Inc. d/b/a Mastercard Worldwide; and NB Holdings Corp. These Defendants are collectively referred to as the “Non-Settling Defendants.”
|YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT
|SUBMIT A CLAIM FOR PAYMENT
|You must submit a valid claim in order to receive compensation under these Settlements.
|May 11, 2022
|You can exclude yourself from the Settlements by submitting a Request for Exclusion by mailing a letter to the Settlement Administrator saying you want to opt out. This is the only option that allows you to keep your legal right to sue the Settling Defendants for claims related to this case.
|March 11, 2022
|OBJECT TO THE SETTLEMENTS AND/OR ATTEND A HEARING
|You can write the Court about why you like or do not like the Settlements or object to Court approval, but you can’t ask the Court to order larger Settlements. You can also ask to speak to the Court at the hearing on May 17, 2022, about the fairness of the Settlements, with or without your own attorney.
|March 11, 2022
|If you take no action, you get no payment and you give up your legal right to continue to sue the Settling Defendants for claims related to this case.
The Court approved Plaintiffs’ Motion for Authorization to Distribute Settlement Funds.
Digital payments will be sent to each eligible Settlement Class Member using the email address provided on the Claim Form. Payments will be distributed in June 2023.