Not that I expect it to amount to a hill of beans, but I just got this email. This is regarding the bad faith Chase used in their "guaranteed for life" cc offer. It was the beginning of the end for us. I figure I'll get 11 cents maybe when everything is said and done
I know many others here were hit by the same game, thought they might be interested:
Chase Minimum Payment Class Action Update
This email is to update you on the class action lawsuit against Chase concerning its November 2008 and June 2009 Change In Terms, which increased certain customers’ monthly minimum payments from 2% to 5% of their outstanding loan balances. You are receiving this email because you contacted our office about this case.
Court Grants Class Certification
On May 13, 2011, the Court granted Plaintiffs’ motion for class certification. This is an important ruling because it means that the case should proceed to trial as a class action. If a jury concludes that Chase violated the law, Chase could be required to provide relief to all class members and not just those who filed the lawsuit.
You are a member of the class certified by the Court if you meet the following definition:
All persons or entities in the United States who entered into a loan agreement with Chase, whereby Chase promised a fixed APR until the loan balance was paid in full, and (i) whose minimum monthly payment was increased by Chase to 5% of the outstanding balance, or (ii) who were notified of a minimum monthly payment increase by Chase and subsequently closed their account or agreed to an alternative change in terms offered by Chase.
What Happens Next
Class Notice: The Court has recently approved a postcard notice that will be sent to those who have been identified as members of the class defined above. The notice will briefly describe your rights and options in the lawsuit and provide you with a website and phone number if you would like more information. The notice will also give people who do not want to be part of the class action the chance to exclude themselves. However, if you want to stay in the class you will not have to do anything.
The Trial: The Court has set a trial date in July 2012 although Chase requested that the Court move the trial date back a few months.
Potential Appeal: Please know that Chase is attempting to appeal the Court's class certification ruling to the U.S. Supreme Court which could delay the trial. We will email you if the Supreme Court decides to consider Chase’s appeal.
What you should do: It is important that you continue to save any documentation that may be related to the lawsuit as you may need those materials in the future. This includes documents such as: Chase’s Notice of Change in Terms, relevant billing statements, convenience checks, promotional offers, and copies of any correspondence with Chase.
You have received this mailing because you previously contacted our firm regarding this matter. Please note that receipt of this email does not necessarily mean that you are a class member in the litigation described above. This letter is intended only for persons who wish to receive information from Girard Gibbs LLP and its associated co-counsel. If you are not an intended recipient of this communication, please delete this message. If you do not wish to receive further emails, please click the "unsubscribe" link below. Please also note that although your communications with us will be kept confidential, no attorney-client relationship has formed and we do not represent you on an individual basis unless you have signed a retention agreement with Girard Gibbs LLP or our associated co-counsel.
I know many others here were hit by the same game, thought they might be interested:Chase Minimum Payment Class Action Update
This email is to update you on the class action lawsuit against Chase concerning its November 2008 and June 2009 Change In Terms, which increased certain customers’ monthly minimum payments from 2% to 5% of their outstanding loan balances. You are receiving this email because you contacted our office about this case.
Court Grants Class Certification
On May 13, 2011, the Court granted Plaintiffs’ motion for class certification. This is an important ruling because it means that the case should proceed to trial as a class action. If a jury concludes that Chase violated the law, Chase could be required to provide relief to all class members and not just those who filed the lawsuit.
You are a member of the class certified by the Court if you meet the following definition:
All persons or entities in the United States who entered into a loan agreement with Chase, whereby Chase promised a fixed APR until the loan balance was paid in full, and (i) whose minimum monthly payment was increased by Chase to 5% of the outstanding balance, or (ii) who were notified of a minimum monthly payment increase by Chase and subsequently closed their account or agreed to an alternative change in terms offered by Chase.
What Happens Next
Class Notice: The Court has recently approved a postcard notice that will be sent to those who have been identified as members of the class defined above. The notice will briefly describe your rights and options in the lawsuit and provide you with a website and phone number if you would like more information. The notice will also give people who do not want to be part of the class action the chance to exclude themselves. However, if you want to stay in the class you will not have to do anything.
The Trial: The Court has set a trial date in July 2012 although Chase requested that the Court move the trial date back a few months.
Potential Appeal: Please know that Chase is attempting to appeal the Court's class certification ruling to the U.S. Supreme Court which could delay the trial. We will email you if the Supreme Court decides to consider Chase’s appeal.
What you should do: It is important that you continue to save any documentation that may be related to the lawsuit as you may need those materials in the future. This includes documents such as: Chase’s Notice of Change in Terms, relevant billing statements, convenience checks, promotional offers, and copies of any correspondence with Chase.
You have received this mailing because you previously contacted our firm regarding this matter. Please note that receipt of this email does not necessarily mean that you are a class member in the litigation described above. This letter is intended only for persons who wish to receive information from Girard Gibbs LLP and its associated co-counsel. If you are not an intended recipient of this communication, please delete this message. If you do not wish to receive further emails, please click the "unsubscribe" link below. Please also note that although your communications with us will be kept confidential, no attorney-client relationship has formed and we do not represent you on an individual basis unless you have signed a retention agreement with Girard Gibbs LLP or our associated co-counsel.
