The court approved a $7.05 million settlement, class counsel fees, and a representative plaintiff honorarium in a class action regarding duplicative non-sufficient funds fees.
The representative plaintiff sought approval of a proposed settlement in a class action proceeding under the Class Proceedings Act.
The settlement involved claims that the defendant charged duplicative non-sufficient funds fees on pre-authorized debit transactions without proper disclosure.
The court approved a settlement fund of $7,050,000, with each of approximately 172,000 class members receiving an estimated $25 after deductions for counsel fees, taxes, disbursements, and funder's levy.
The court also approved class counsel fees and an honorarium of $5,000 to the representative plaintiff.
