Case No. 09-2019-CV-04007
A Settlement has been reached in a class action lawsuit claiming that Gate City Bank (“Gate City”) breached its contract with Account Holders and improperly assessed and collected Overdraft Fees and Non-Sufficient Fees on certain transactions. Gate City maintains it did nothing wrong; however, it has agreed to settle the lawsuit to avoid the cost, delay, and uncertainty of litigation. The Court has not decided which side is right.
A cash Settlement Fund of $5.5 million has been established to pay Settlement Class Member Payments and attorneys’ fees and costs and Service Awards ordered by the Court, as well as any Settlement Administration Costs. Current Account Holders and Former Account Holders who had a Gate City checking account(s) may have been eligible for a Settlement Class Member Payment from the Settlement Fund.
Your legal rights were affected whether you did or did not act.
IF YOU WERE CHARGED CERTAIN OVERDRAFT FEES OR NON-SUFFICIENT FUNDS FEES ON A GATE CITY BANK CHECKING ACCOUNT BETWEEN NOVEMBER 20, 2013, AND NOVEMBER 30, 2021, THEN YOU MAY HAVE BEEN ENTITLED TO A PAYMENT OR CREDIT FROM A CLASS ACTION SETTLEMENT.
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This Website explains important rights you may have had. These rights and options, and the deadlines to exercise them, are further explained in the Notice you may receive, or you may review the Frequently Asked Questions page of this website for additional information. Your legal rights were affected whether you did or did not act.