JPMorgan Pays Nearly $12M To End Robocall Suit

Law360, New York (February 6, 2015, 1:14 PM EST) -- JPMorgan Chase Bank NA has agreed to pay up to almost $12 million to settle a class action alleging it illegally made automated calls to residential loan holders' cellphones without consent, according to a deal approved by a California federal judge on Thursday.

The deal, approved by U.S. District Judge Gonzalo P. Curiel, provides for nearly $3 million more than an accord that was preliminarily approved in March 2012 that stipulated the bank would pay between $7 million and $9 million to end the suit. Class members can expect to receive approximately $70 for each eligible claim, according to the deal....

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