EOBC Class Action Settlement
- Obtain more details in regards to the class action lawsuit entitled Joanne Farrell, et al. v. Bank of America NA
- EOBCSettlement.com is administered by Epiq
- A settlement fairness hearing will take place on 6/18/2018 to discuss if the settlement is fair and adequate
The EOBC Bank of America Overdraft Fees Lawsuit revolves around claims that Bank of America violated the National Bank Act’s usury limit when they wrongfully assessed customers “extended overdrawn balance charges” in addition to an initial $35 overdraft fee if the customer’s overdraft status remained in effect for five days. Bank of America denies any actions of wrong doing but have agreed to a 66.6 million dollar settlement in order to avoid further court cost.
Class members in the EOBCSettlement are defined as anyone in the United States who had Bank of America checking accounts who (between Feb. 25, 2014 and Dec. 30, 2017) and were assessed at least one extended overdrawn balance charge that was not refunded.
- The case is under review in the U.S. District Court for the Southern District of California and list as case number 3:16-cv-00492-L-WVG
- Class members who would like to exclude themselves from the EOBC Bank of America Overdraft Fees Lawsuit must do so by 4/20/2018
- All objections are due by 4/20/18
- Bank of America has hired Matthew C. Close from the law firm of O’MELVENY & MYERS LLP
- Class members will be represented by Hassan Zavareei, Jeff Ostrow, Bryan Gowdy, Cristina Pierson, and John R. Hargrove
Class members who currently have a Bank of America account will have the settlement payment deposited into their bank account. Class members who do not currently have a BOA account will have the settlement payment mailed via check.
Any questions in regards to the EOBC class action settlement can be directed to toll free 1-888-396-9598 or write to: EOBC Litigationc/o Epiq, P.O. Box 3170, Portland, OR 97208.