January 8, 2013 - Stoll Berne | Attorneys | Class-Action, Securities, IP, Real Estate, Business Litigation

On December 20, 2012, Judge King in the Southern District of Florida granted final approval to a settlement that provided $100 million in cash, and $52 million in future savings to the class because of a changed business practice at JPMorgan Chase. The settlement was between JPMorgan Chase and its customers who were allegedly charged excessive overdraft fees when JPMorgan Chase switched its method for ordering transactions based on highest to lowest.

Rite Aid Corp. has agreed to pay $20.9 million to settle Fair Labor Standards Act class claims lodged by assistant store managers across the country who claimed they were wrongfully classified as overtime-exempt. The proposed settlement is an omnibus settlement that marks the end of several years of dogged litigation – literally coast to coast from Portland, Maine to Portland, Oregon.

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