Earnin Users Seek OK For $12.5M Settlement Deal

Law360 (July 28, 2020, 4:28 PM EDT) -- App-based pay advance service Earnin has agreed to pay as much as $12.5 million to end its users' claims that it misled the public about its offerings, hurting consumers who were charged bank fees as a result.

In a July 27 motion, plaintiffs Mary Perks and Stanley Alexander asked U.S. District Judge Beth Labson Freeman to approve a proposed settlement according to which Activehours Inc., the company that developed Earnin, would put $3 million into a settlement fund and would forgive up to $9.5 million owed by users whose accounts had been suspended for nonpayment but who want to use one...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!