A $2.085 million Settlement has been reached with JPMorgan Chase & Co. (“JPMC”) and Chase Bank USA, N.A. (“CBUSA,” and collectively with JPMC, “Chase”) in a lawsuit where the Plaintiffs allege that Chase violated state common and statutory law when Chase forfeited rewards points upon CBUSA’s closure of credit-card accounts. Chase denies any liability or wrongdoing.
The Settlement offers payments to CBUSA cardmembers who, between June 2009 and the present, Forfeited Points upon the closure of their credit-card accounts for certain reasons, and were not given the chance to redeem their points after Chase closed their accounts. Chase has identified those individuals and provided them with mail and/or e-mail notice.
If you received that notice from Chase, you may be a Settlement Class Member.Forfeited Points (or “Points Forfeited”) means rewards points forfeited on a “Closed Account.”
An “Account” means a CBUSA credit-card account held by a CBUSA cardmember that is part of a CBUSA-owned-and-operated credit-card loyalty program in which rewards are denominated in points. A Closed Account means an Account closed for the reason or reasons for which Plaintiffs’ Accounts were closed.
Who’s Eligible
You are a Class Member of the Chase rewards settlement if, between June 2009 and the present, you forfeited points when your Chase credit card account was closed, and you were not given the opportunity to redeem your points after the account was closed.
Potential Award
Varies.
The amount each Class Member will receive depends on how many timely and valid claims are filed.
Proof of Purchase
N/A
Claim Form Deadline
3/17/2017
Case Name
Gao, et al. v. JPMorgan Chase & Co., et al., Case No. 1:14-cv-04281, in the U.S. District Court for the Southern District of New York
Final Hearing
4/6/2017
Settlement Website
Claims Administrator
Chase Rewards Program Settlement
c/o Kurtzman Carson Consultants (KCC)
P.O. Box 43428
Providence, RI 02940-3428
1-855-306-9709
[email protected]
Class Counsel
Richard M. Golomb
Kenneth J. Grunfeld
GOLOMB & HONIK PC
Ted Trief
Barbara Olk
TRIEF & OLK
Defense Counsel
Noah A. Levine
Alan E. Schoenfeld
WILMER CUTLER PICKERING HALE AND DORR LLP
