Settlement Structure: Claims Made
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.Case Summary:
The plaintiff in this class action lawsuit alleges that the Bank of Oklahoma (BOKF) improperly assessed overdraft fees for insufficient funds on debit card transactions, check card purchases, and/or ATM withdrawals by sequencing transactions in a high-to-low posting order, resulting in increased overdraft fees in some instances.Docket Number:
Company: BOK Financial Corporation
Class Period: September 1, 2011 to July 8, 2014
Objection Deadline: April 17, 2017
Exclusion Deadline: April 17, 2017
Final Approval Hearing: May 15, 2017Proof of Purchase: Eligibility:
This settlement includes all BOKF customers in the United States who had one or more accounts and who, from September 1, 2011 through July 8, 2014, incurred an overdraft fee as a result of the bank's high-to-low debit card transaction sequencing.
**NOTE** Eligible class members will automatically receive a payment, if you believe that you are eligible but did not receive a notice in the mail, then please contact the claims administrator.Typical Settlement Amount:
Settlement shares will be representative of the value of the additional overdraft fees assessed on the holder due to BOKF's high-to-low practices.
Total Settlement Amount: $7,800,000Class Representative Proposed Incentive Fee:
Webb Klase & Lemond LLC
Case Name: Corey Ratzlaff, et al. v. BOKF NA d/b/a Bank of Oklahoma, et al.
Settlement Website: Ratzlaff v. BOKF, N.A. Settlement
Epiq Systems, Inc.
Ratzlaff v. BOKF NA Settlement Administrator
Epiq Systems Inc.
P.O. Box 2995
Portland, OR 97208-2995