Green Welling LLP has issued a press release (dated March 5, 2009) announcing that it has filed two class action lawsuits against Chase. According to the release (which does not specifically name the plaintiffs) one case was filed in the District of Oregon and the other was filed in the Central District of California.
Based on the information that we have already been tracking, the Oregon case was already known to us as (#9), Charles Clausen v. Chase. In checking with the Green Welling LLP regarding Chase, it provided a copy of the other new case which it filed on March 2, 2009, Skaggs v. Chase. Accordingly, we are pleased to announce Chase class action lawsuit #12.
We like the number, one dozen, because it reminds us of donuts, and the sentiment we have that Chase’s reasoning is “full of holes”; this does not mean that we aren’t looking forward to more lawsuits, and a whole lot more coverage in the media.
With the link above, you can see the entire release, but here is an excerpt:
In November 2008, Chase sent its customers a notice stating that the minimum monthly payments would go up by 150%, from 2% of the balance to 5% of the balance, according to the document. The notice of change in terms sent by Chase also added a new finance charge misleadingly described as an “Account Service Charge of $10 month.” This new $120 annual account finance charge effectively increases the customers’ interest rates, Mr. Green said.
We are also aware from numerous law firms that certain states are more likely to be sympathetic to class action cases that thwart card companies’ unfair (rigged-game) mandatory arbitration clauses. How do you know if you are in such a state? We suggest that you follow the links (on the right hand side of the ChangeInTerms.com site, under the category/heading, “Chase Class Action Lawsuits”) and then contact the firms that have already filed cases. You may also wish to contact experienced class action firms that have not as yet filed a case.
The Green Welling LLP press release ends with an invitation to ask questions, if you would like to start there:
Green Welling, a national class action law firm based in San Francisco, California, represents plaintiffs in personal finance cases, involving companies like Chase Bank, Bank Atlantic and Bank of America, as well as plaintiffs in product liability actions, securities lawsuits, derivative cases and antitrust actions. If you wish to discuss this action with us or have any questions concerning a potential class action, please contact Robert Green by email at gw@classcounsel.com or visit our website at www.classcounsel.com.
Contact:
Robert S. Green
Green Welling LLP
Tel. (415) 477-6700
Loading ...
on Mar 9th, 2009 at 5:38 pm
After I questioned Chase customer service regarding the change in terms, and the $10/mo. charge in particular, I received a letter from Chase CLEARLY stating: “This charge is a Finance Charge.”
on Mar 13th, 2009 at 10:52 am
Hi elly,
Yep, “This charge is a Finance Charge,” is definitely one of the “holes” in Chase’s argument, should it ever reach a reasonable jury in one of the 12 class action lawsuits that have been filed to date. Thanks for posting this information — very interesting!
on Mar 14th, 2009 at 12:33 pm
[...] we here on this site already know that as is alleged in many of the (12) class action lawsuits filed thus far, the anecdote above and so-called “compromise” amounted to an outrageous act of [...]
on Mar 18th, 2009 at 7:49 pm
[...] more time, Kevin could have in turn added clarity. For instance, the fact that there are now 12 class action lawsuits (that we are tracking to-date) against Chase, supports the proposition that Kevin presented. At [...]
on Apr 22nd, 2009 at 11:06 am
I started @ $44K loan ballance @ 3.99 for the life of the loan. Had it paid down to $25K after aperiod of time and continued opn time. They raused the min. payment to 5% and I watched a $500.oo payment jump to over $1250.00. I could not afford that so I sold my home at a loss. Had to buy a home in a hurry. The new lender of my new home required I pay the high payment cradit card to obtain the new loan and the new loan was @ a higher rate. I broke my hand moving, trying to save money,My familes life is effected by over a $100k in loss. Respectfully