Civil Plaintiff
Three U.S. Banks Settle Antitrust Claims for $66 Million
Three U.S. banks have agreed to pay $66.7 million to settle consumer antitrust claims alleging a conspiracy to fix ATM charges, say plaintiffs’ lawyers seeking preliminary approval of the deal.
In a court filing on Monday in the U.S. District Court for the District of Columbia, lead class lawyers at Hagens Berman Sobol Shapiro, Quinn Emanuel Urquhart & Sullivan and Mehri & Skalet said Bank of America NA agreed to pay $26.4 million, Wells Fargo & Co will pay $20.8 million, and JPMorgan Chase & Co will pay $19.5 million.
Only the bank defendants have agreed to the proposed settlement resolving consumer claims brought in 2011 that they overpaid surcharges levied on certain transactions at bank-operated ATMs, the plaintiffs’ lawyers said.
