Recent court orders in the BancorpSouth overdraft fee class action lawsuit settlement have delayed the claims filing process. As a result, Class Members that missed the September 13, 2012 deadline to file a claim may have the opportunity to have the deadline extended.
BancorpSouth reached a $1.75 million class action lawsuit settlement earlier this year to resolve allegations it improperly charged overdraft fees to checking customers by resequencing transaction to maximize the number of fees it could charge.
Class Members had until September 13, 2012 to file a claim to receive a refund from the BancorpSouth overdraft class action settlement. However, a new update on the Settlement Administrator’s website shows a recent court order has stalled the process.
According to the Settlement Administrator:
Recently, a court order was entered by another federal court that appears to be the subject of an appeal. Until the order and appeal are resolved, the process of assisting class members in retrieving bank statements is on hold. Additionally, Epiq, as the Claims Administrator, will not be able to assist settlement class members in answering questions or assisting them in the filing of claims at this time. As additional information is received, court appointed Class Counsel, Emerson Poynter LLP, will ensure that additional information is provided here. For these reasons, the time deadlines on the left-hand side of this page may be extended as well.
The alleged appeal is bad news for those Class Members that filed a claim and are awaiting payment, but is good news for those who missed the deadline as they may have another opportunity to file.
Keep checking Top Class Actions for updates on the BancorpSouth Overdraft Fee Class Action Lawsuit Settlement as they unfold.
Special thanks to Top Class Actions reader “Patricia” for alerting us to the settlement update.
Join a Free Bank Overdraft Class Action Lawsuit Investigation
If you have incurred overdraft fees in the last three years from any of the following banks, you may be eligible to participate in a class action lawsuit to recover some or all of your overdraft fees:
- Ally Financial Inc.
- Bank of Hawaii
- Bank of the West
- Capital One Financial Corp.
- Commerce Bank
- Fifth Third Bancorp
- HSBC North America Holdings Inc.
- BOKF NA (includes Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of Kansas City, Bank of Oklahoma, Bank of Texas, and Colorado State Bank and Trust).
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Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.
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