Wednesday
Jan202016

Update January 18, 2016

The settlement agreements with Citigroup, Capital One and Bank of America were approved by the Courts in BC, Alberta, Saskatchewan, Ontario and Quebec. For copies of the settlement approval orders, visit https://www.creditcardsettlements.ca/.

As the lawsuits will continue as against the other defendants, the amounts paid under the settlement agreements after deduction of all court approved expenses will be held in trust for Settlement Class Members pending receipt of further settlements or awards that may justify a distribution effort, or conclusion of the actions. At such time, a distribution protocol will be created and submitted to the Courts for approval, and further notice will be provided to Settlement Class Members.

Although it is not necessary to “register” to participate in this class action, if you would like to receive direct notification of any future developments and notices approved by the Court, please contact Chelsea Hermanson of Branch MacMaster LLP at chermanson@branmac.com.