Stone, et al. v. Corus Bank, N.A.

CLASS ACTION SETTLEMENT INFORMATION

Welcome to the settlement information website for Stone, et al. v. Corus Bank, N.A.. This website describes the case and the settlement among Plaintiffs and Defendant.

We have tried to design this website to help you get information about the proposed settlement of this case. If necessary, however, you can also contact Class Counsel for further information:

DO NOT CONTACT THE COURT FOR INFORMATION.

This case is currently pending in the United States District Court for the Northern District of Illinois as Case No. 08 C 1746. The judge is Magistrate Morton Denlow. To see a copy of the complaints, click here.

Plaintiffs allege that Defendant did not post the required fee notice on the outside of 19 of its 22 ATMs, located at various Corus Bank locations in Chicago, Calumet City, Niles, River Forest and Wheeling, IL, thus violating the Electronic Funds Transfer Act, 15 U.S.C. §1693 et seq (“EFTA”) and its implementing regulation, 12 C.F.R. §205.1 et seq.
To see a copy of the class action publication notice, click here. To see which ATMs allegedly violated the EFTA, click here.

Defendant has agreed to settle all claims against it to avoid the expense of continued legal proceedings. To see a copy of the Settlement Agreement, click here.

The Court has certified a class and preliminarily approved a class action settlement of this case. To see a copy of the Preliminary Approval Order,
click here. To see a copy of the Final Approval Order, click here.

The links below provide information about who is a Class Member, the terms of the Settlement Agreement and how Class Members can participate in, object to, or exclude themselves from, the class action settlement of this case.

All Potential Class Members:

To find out if you are a Class Member, click here.

If you want to receive money from the Settlement Fund, click here.

If you do not want to be a class member (or receive any money from the Settlement Fund),
click here.

If you want to object to the settlement of this case as a class action or to the terms of the
Settlement Agreement, click here.

Back

Class Definition:

You are a class member if you are a person who, from March 26, 2007 to March 27, 2008, were charged a transaction fee for the use of any of the following 19 automated teller machines operated by Corus Bank, N.A.:

Back

Opt-Out Instructions

If you do not want to participate in the settlement, do not want to be paid from the settlement, and do not want to give up any rights you may have to sue Defendant for the claims alleged in Plaintiffs’ complaints, you must send a signed letter, post-marked by June 8, 2009, to the Settlement Administrator, First Class, Inc., 5410 W. Roosevelt Rd., Unit 222, Chicago, IL 60644, with your name and address stating “EXCLUDE ME FROM THE STONE V. CORUS BANK SETTLEMENT.”

Back

Objection Instructions

You may object to the settlement by writing a signed memo stating the specific reasons you object and file it with the Court at 219 South Dearborn Street, Chicago, Illinois 60604 by June 8, 2009. The memo must reference Case No. 08 C 1746. You must also send a copy of your objection to Lance A. Raphael, The Consumer Advocacy Center, P.C., 180 West Washington, Suite 700, Chicago, IL 60602, and to James R. Daly, Jones Day, 77 West Wacker Drive, Suite 3500, Chicago, IL 60601.

Back