If you were assessed Multiple Fees from November 20, 2016 to March 1, 2022 by Chelsea Groton Bank,
you could get a payment from a class action settlement.
A Connecticut court authorized this notice. This is not a solicitation from a lawyer.
- The settlement provides $166,318.00 (the “Settlement Fund”) to settle claims relating to Multiple Fees (defined in footnote 1 below) charged by Chelsea Groton Bank (“Defendant”) from November 20, 2016 until March 1, 2022.
- Class Members who do nothing will automatically receive a check or account credit. These payments will be from the Net Settlement Fund based on a percentage of the amount of applicable fees paid. The amount of these payments will be determined by an independent settlement administrator and not by the Defendant. You are a Class Member if you received an email or postcard notice addressed to you.
- Your legal rights are affected, so please read this notice carefully.
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Your Legal Rights and Options in this Settlement |
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Do Nothing |
Automatically receive a settlement check or account credit once the settlement is finally approved. Give up the right to bring a separate lawsuit about the same issue. |
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Exclude Yourself |
Get no benefits from the settlement. Keep the right to bring a separate lawsuit about the same issue at your own expense. |
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Object |
Write to the Court about why you don’t like the settlement. If the settlement is approved, |
- These rights and options—and the deadlines to exercise them—are explained in this notice.
- Please be patient while the Court decides whether to approve the settlement.
“Multiple Fees” means, for check transactions, the second or third NSF Fee or OD Fee charged to an accountholder when Chelsea Groton Bank returns a check for insufficient funds, a financial institution re-presents the check to Chelsea Groton Bank for payment, and Chelsea Groton Bank returns the check again for insufficient funds or pays the check despite insufficient funds. For ACH transactions, “Multiple Fees” means the second or third NSF Fee or OD Fee charged to an accountholder when Chelsea Groton Bank returns a debit entry for insufficient funds, an Originating Depository Financial Institution presents a Reinitiated Entry to Chelsea Groton Bank, and Chelsea Groton Bank returns the Reinitiated Entry for insufficient funds or pays the Reinitiated Entry despite insufficient funds.