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May 11, 2013

The Settlement Administrator is issuing distribution checks to the over 190,000 claimants who submitted valid claims in the case. You should note that distribution checks will be void after 180 days from the date on the check. We encourage you to deposit your check promptly.

If you filed a valid claim in this case and do not receive a check by June 30, 2013, you should contact the Settlement Administrator using the "Contact Us" button to the right, or you may write to the Kardonick Settlement Administrator at P.O. Box 280, Philadelphia, PA 19105-0280.

You should not contact the Court.

Kardonick v. JPMorgan Chase & Co. Settlement

This case was brought as a class action alleging that Defendants engaged in breaches of contract, breaches of implied covenant, and violations of the unfair and deceptive acts and practices statutes of various states, among other matters, in connection with the marketing, selling, and administration of Payment Protection Products. More specifically, the lawsuit alleges that Chase unilaterally enrolled cardholders in Payment Protection Products that suspend or cancel the balance due on the credit card under certain circumstances without adequately disclosing the terms of these products prior to enrolling a customer. The lawsuit further alleges that it was too difficult to obtain Payment Protection benefits for eligible claims, it was too difficult to disenroll from Payment Protection Products, and that those Products were improperly marketed and sold. Chase denies these allegations and denies all allegations of wrongdoing. The parties, however, have reached a proposed settlement of the litigation. The Settlement is not an admission of wrongdoing.

Under the Settlement, Chase has agreed to create a Settlement Fund of twenty million dollars ($20,000,000), plus additional consideration in the form of credit to the unpaid balances of certain Charged-Off Class Members as stated in Section IX.D of the Settlement Agreement, to fund the payment of claims as well as the costs of the litigation, the settlement, and an attorney fee award in an amount to be approved by the Court. Each class member who submits a claim form will receive a share of the settlement fund after reduction for administrative costs, attorney fees, and legal expenses as approved by the Court.

You cannot receive a payment unless you submit a claim form.

Claims will be paid either by a check mailed directly to you or by a credit to your account. The amount of the payment or credit will vary based upon several factors, including whether you ever tried to obtain payment protection benefits from Chase, whether your request for benefits was accepted or denied, the total number of class members submitting a claim in this Settlement, and the amount of fees and expenses incurred in connection with the Settlement. Based upon these factors, it is estimated that the benefits from this Settlement will be distributed as outlined below:

  • If you made a claim for payment protection plan benefits and your claim was denied, it is estimated you will receive $60, before fees and expenses.
  • If you were billed for or enrolled in a Chase Payment Protection Product without your knowledge or consent and/or, at any point during your enrollment in a Chase Payment Protection Product, you were self-employed, retired, seasonally employed, employed less than 30 hours per week (or less than 15 hours per week for students), or if you voluntarily forfeited your job (resigned), it is estimated you will receive $30, before fees and expenses.
  • If none of the above categories apply to you, but you are not completely satisfied with the Chase Payment Protection Product(s) in which you were enrolled at any point between September 1, 2004 and November 11, 2010, it is estimated you will receive $15, before fees and expenses.
These figures are only estimates. Actual payments could be more or less than these amounts.


Contact us for more information about this page.


Important Dates

  • August 8th, 2011
    Your claim must be received by the Kardonick Settlement Administrator by this date to receive a payment.
  • August 19th, 2011
    Your request to be excluded from the settlement (and receive no money from the settlement) must be received by the Kardonick Settlement Administrator by this date.
  • August 19th, 2011
    Your request to object to settlement must be received by the Court and counsel for the Plaintiffs and the Defendants by this date.
  • September 9th, 2011
    Objectors who send in timely objections may speak about the settlement in Court at a hearing on this date.