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Settlement information last updated on December 2, 2011:

On November 7, 2011, the Court granted final approval to the Settlement with Bank of America, approved service awards to the Plaintiffs, and awarded attorneys’ fees to Class Counsel. On November 22, 2011, the Court entered a corresponding order and judgment that formalized the Court’s final Settlement approval, as well as the service awards and the fee award. On November 29, 2011, a Settlement Class Member who objected to the Settlement filed a notice of appeal from the order and judgment. Additional appeals may be filed.

Under the terms of the Settlement, distributions will not be made, either by account credit or cash payment, until after the Effective Date of the Settlement. The Effective Date, as provided in the Settlement Agreement, will not occur until after any and all appeals are finally resolved which – depending on the speed with which the appellate court decides the appeal – could take approximately one to two years. Future developments concerning the Effective Date and expected time for Settlement distributions will be posted at www.bofaoverdraftsettlement.com. Please check back for updates.
 
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                            Información del acuerdo actualizada por última vez el 2 de dicembre de 2011:

El 7 de noviembre de 2011, el Tribunal otorgó la aprobación definitiva del Acuerdo con Bank of America, aprobó los laudos de servicio a los Demandantes y adjudicó honorarios de abogados al Abogado del Grupo. El 22 de noviembre de 2011, el Tribunal dictó una sentencia correspondiente que formalizó la aprobación definitiva del Acuerdo por parte del Tribunal, así como los laudos de servicio y la adjudicación de honorarios. El 29 de noviembre de 2011, un Miembro del colectivo del Acuerdo que objetaba el Acuerdo presentó una solicitud de apelación a la sentencia y del juicio. Se pueden presentar apelaciones adicionales.

De conformidad con los términos del Acuerdo, no se harán distribuciones, ya sea mediante un crédito a la cuenta o mediante pago en efectivo, hasta después de la Fecha de vigencia del Acuerdo. La Fecha de vigencia, conforme a lo establecido en el Acuerdo de conciliación, no se producirá hasta después que todas las apelaciones estén resueltas definitivamente, dependiendo de la celeridad con que el tribunal de apelaciones resuelva la apelación, lo que pudiera tomar aproximadamente de uno a dos años. Los desarrollos futuros con respecto a la Fecha de vigencia y el momento previsto para las distribuciones del Acuerdo se publicarán en www.bofaoverdraftsettlement.com. Vuelva a consultar para conocer las actualizaciones.

Welcome to the website for the Settlement with Bank of America, N.A. in the litigation named In Re: Checking Account Overdraft Litigation, U.S. District Court for the Southern District of Florida, No. 1:09-MD-02036-JLK. This website provides information regarding a Settlement which has been reached in class action lawsuits about the order in which Bank of America, N.A. posted debit card transactions to customer accounts, and the effect the posting order had on the number of overdraft fees the bank charged its account holders.

Current and former holders of Bank of America consumer checking and/or savings accounts may be eligible for a payment or account credit from the Settlement Fund. You are a member of the Settlement Class if you:

  • Had a Bank of America consumer checking and/or savings account that you could access with a Bank of America debit card, anytime between January 1, 2001 and May 24, 2011, and
  • Were charged one or more overdraft fees as a result of Bank of America’s practice of posting debit card transactions from highest to lowest dollar amount.

 If you are included in the Settlement Class and entitled to receive a cash benefit, you do not need to do anything to get a payment or account credit. If the Court approves the Settlement and it becomes final and effective, you will automatically receive a payment or account credit.

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT
GET A PAYMENT OR ACCOUNT CREDIT:

You do not have to do anything to get a payment or account credit from the Settlement. If the Court approves the Settlement and it becomes final and effective, all identifiable Settlement Class Members who are entitled to receive a cash benefit and who remain in the Settlement Class will automatically get a payment or account credit and will give up their legal rights against Bank of America about the claims in this litigation.
EXCLUDE YOURSELF FROM THE SETTLEMENT:

Get no benefit from the Settlement. This is the only option that allows you to retain your right to bring any other lawsuit against Bank of America about the claims in this litigation.
OBJECT:

Write to the Court if you don’t like the Settlement. For an objection to be valid, it must contain the information specified in paragraph 62 of the Settlement Agreement.
GO TO A HEARING:

Ask to speak in Court about the fairness of the Settlement.
DO NOTHING:

You will still receive any payment or account credit to which you are entitled, and will give up your legal rights.

 

These rights and options – and the deadlines to exercise them – are explained in the Notice.  The information on this page is only a short summary of your rights and options.  For more detailed information about your rights and options, please review the Notice.  You may also review the Settlement Agreement, which provides comprehensive information about Settlement Class Members' rights and options.

Disclaimer

Please do not contact either Bank of America, N.A or the Court with questions about this Settlement. Any and all callers will be directed to this website. If you have questions, please refer to the FAQs and the other information posted here or contact the Settlement Administrator by calling 1-800-372-2390 or writing to Checking Account Overdraft Litigation, c/o Rust Consulting, Inc., P.O. Box 2505, Faribault, MN 55021-9505.

This site is not operated by Bank of America, N.A. This class action Settlement is supervised by the Court and is administered by an administration firm that handles all aspects of claims processing. Bank of America, N.A is not authorized to respond to questions from members of the Settlement Class regarding the Settlement.

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