Proposed Settlement Reached in JPMorgan Chase Servicemember Class Action

A $63 million proposed settlement was proposed in a North Carolina federal court over allegations that JPMorgan Chase bank overcharged servicemember customers under the Servicemembers Civil Relief Act.

The lawsuit, originally filed in 2016, alleged the bank charged fees and interest, both improperly high, on servicemember debts. The class filed a motion for preliminary approval and Chase, who does not admit to any wrongdoing, filed separately that is does not oppose the proposed settlement terms. The next step is for final approval by the Court.

The case is Childress et al. v JPMorgan Chase & Co., et al., case number 5:16-cv-00298 in the U.S. District Court for the Eastern District of North Carolina.


This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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Steve Larson
An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve's clients value his creative approach to resolving complex litigation matters.

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The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.