I'm unsure what to do on this situation.
I received a postcard about a proposed class action settlement involving Chase bank. I was enrolled in their "Payment Protection" program and was not disclosed on the fees and it took me another month just to un-enroll and my sign up date falls under the disclosed date, so this does pertain to me.
How do I find out if this is a legitimate class action suit?
The postcard directs me to file my claim by mailing them or filing it online at: [url=http://kardonicksettlement.com/]KardonickSettlement.com - Home[/url]
Here is the link to the .pdf of the postcard:
Here is what it reads on the postcard (Copied from .pdf):
TO CHASE CREDIT CARD HOLDERS WHO WERE ENROLLED IN A PAYMENT PROTECTION PRODUCT
BETWEEN SEPTEMBER 1, 2004 AND NOVEMBER 11, 2010
You may be entitled to a payment under a proposed class action settlement. In a lawsuit entitled Kardonick
v. JPMorgan Chase & Co., Case No. 10-cv-23235 (S.D. Fla.), the Plaintiffs allege that Chase’s credit card business
engaged in breaches of contract, unfair and deceptive practices, and other wrongdoing in connection with
“payment protection” products—products that offer relief from credit card debt under circumstances such as
unemployment, disability or death. Chase denies these allegations and denies any wrongdoing.
Chase’s records indicate that you are probably a member of the settlement class because you were enrolled
in a payment protection product on a Chase-issued credit card at some time between 9/1/2004 and 11/11/2010.
Class members may (1) file a claim for money from the settlement, (2) exclude themselves from the settlement,
or (3) object to the settlement. To file a claim, go to [url]www.KardonickSettlement.com[/url] or write to the Kardonick
Settlement Administrator at the address below. If the settlement is approved, estimated claims payments will
be between $15 and $60, before administration costs, attorney fees, and legal expenses. You cannot receive a
payment unless your claim is received by 8/8/2011.
If you want to exclude yourself from the settlement (and receive no money from the settlement), the Kardonick
Settlement Administrator must receive your request for exclusion no later than 8/19/2011 at the address below.
If the settlement is approved, all class members who do not exclude themselves will give up any right to sue
Chase or related parties for any known or unknown claims relating to payment protection products, as more
fully described in the settlement. If you think the Court should reject the settlement, you or your attorney may
send a written objection to: U.S. District Court for the Southern District of Florida, 400 North Miami Ave., Miami,
FL 33128. Objections must be received no later than 8/19/2011. Objectors who send in timely objections may
speak about the settlement in Court at a hearing currently scheduled for 9/9/2011. To obtain the full instructions
for excluding yourself or filing an objection, go to [url]www.KardonickSettlement.com[/url] or write the Kardonick
Settlement Administrator at the address below.
This is only a summary of the settlement and your rights. To obtain the full class notice or for more information,
go to [url]www.KardonickSettlement.com[/url] or write to Kardonick Settlement Administrator, P.O. Box 280, Philadelphia,
PA 19105-0280. DO NOT CALL THE COURT, CHASE OR CHASE’S COUNSEL REGARDING THIS NOTICE.
Questions? Call toll-free 800-220-2204 or visit [url=http://www.kardonicksettlement.com]KardonickSettlement.com - Home[/url]