Chase Freed From Overpayment Deletion Class Action

Law360, Los Angeles (March 21, 2014, 6:26 PM EDT) -- A New York federal judge on Friday quashed a proposed class action accusing a JPMorgan Chase & Co. unit of violating cardmember agreements by eliminating balances of customers who overpaid, ruling that the plaintiff lacked standing because he had been issued a refund.

Granting Chase Bank USA NA's motion to dismiss, U.S. District Judge Katherine Polk Failla held that Stanley H. Epstein couldn't show any actual injury because — months before he filed suit — the bank had given the plaintiff a cashier’s check reimbursing him...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.