Julie Almon v. Independence Bank

NOTICE OF PENDING CLASS ACTION AND PROPOSED SETTLEMENT

READ THE NOTICE FULLY AND CAREFULLY; THE PROPOSED SETTLEMENT MAY AFFECT YOUR RIGHTS!

IF YOU HAVE OR HAD A CHECKING ACCOUNT WITH INDEPENDENCE BANK (“DEFENDANT”) AND YOU WERE CHARGED CERTAIN RETURNED ITEM FEES BETWEEN SEPTEMBER 15, 2004 AND JUNE 24, 2020, THEN YOU MAY BE ENTITLED TO A PAYMENT FROM A CLASS ACTION SETTLEMENT

The McCracken County Circuit Court for the Commonwealth of Kentucky has authorized the Notice; it is not a solicitation from a lawyer.

SUMMARY OF YOUR OPTIONS AND THE LEGAL EFFECT OF EACH OPTION

APPROVE THE SETTLEMENT AND RECEIVE A PAYMENT; YOU NEED NOT DO ANYTHING

Unless you exclude yourself from the settlement (see the next paragraph), then you may receive a check or a credit to your account (depending on whether you are still a customer of Defendant).

EXCLUDE YOURSELF FROM THE SETTLEMENT; RECEIVE NO PAYMENT BUT RELEASE NO CLAIMS

You can choose to exclude yourself from the settlement or "opt out." This means you choose not to participate in the settlement. You will keep your individual claims against Defendant but you will not receive a payment. If you exclude yourself from the settlement but want to recover against Defendant, you will have to file a separate lawsuit or claim.

OBJECT TO THE SETTLEMENT

You can file an objection with the Court explaining why you believe the Court should reject the settlement. If your objection is overruled by the Court, then you may receive a payment and you will not be able to sue Defendant for the claims asserted in this litigation. If the Court agrees with your objection, then the settlement may not be approved.

These rights and options – and the deadlines to exercise them – along with the material terms of the settlement are explained in the Notice.