Welcome to the Information Website for the Richards v. Chime Financial Settlement

If You Were a Chime Financial, Inc. Account holder Between October 16, 2019, and October 19, 2019, a Class Action Settlement May Affect Your Rights.

A Settlement has been reached in a class action lawsuit concerning certain Chime Financial, Inc. (“Chime”) deposit accounts, and the intermittent disruption in service that some accountholders experienced for portions of a period of time between October 16, 2019, and October 19, 2019. The lawsuit is called Richards, et al, v. Chime Financial, Inc., Case No. 4:19-cv-06864 (N.D. Cal.). The lawsuit alleges that some holders of Chime deposit accounts experienced an intermittent disruption in service for portions of the period of time between October 16, 2019, and October 19, 2019 (the “Service Disruption”). The Defendants in the lawsuit are Chime Financial, Inc. (“Chime”), The Bancorp Inc. (“Bancorp”), and Galileo Financial Technologies LLC (formerly known as Galileo Technologies, Inc.) (“Galileo”) (and collectively “Defendants”). Defendants in the lawsuit deny that they are or can be held liable for the claims made in the lawsuit. The Settlement does not establish who is correct, but rather is a compromise to end the lawsuit.

Defendants have agreed to pay, subject to the Court’s approval and up to amounts as identified in the Settlement Agreement, the cost of notice and administration of the Settlement, the Service Awards to the Class Representatives, and Class Counsel’s attorneys’ fees and expenses.

The Settlement offers payments to Settlement Class Members who file valid Claims.

Your legal rights are affected whether you act or do not act. Please read this website carefully.


Your Legal Rights and Options in This Settlement
Submit a Claim Form
By February 15, 2021		 This is the only way a Settlement Class Member may receive a payment for losses suffered as a result of the Service Disruption. You may file a claim on this website here.
Exclude Yourself
By February 1, 2021		 You will receive no payment, but you will retain any rights you currently have with respect to Defendants and the issues in this case. You may download an exclusion form from this website here.
Object
By February 1, 2021		 Write to the Court explaining why you don’t like the Settlement.
Go to a Hearing
April 1, 2021 		Ask to speak in Court about the fairness of the Settlement.
Do Nothing You will not receive a payment if you fail to timely submit a completed Claim Form, and you will give up your right to bring your own lawsuit against Defendants about the Claims in this case. You will also remain in the Class and subject to the release.

Current Status

The Court will hold the Final Approval Hearing on April 1, 2021, at 2:00 p.m. to determine whether the Settlement is fair, reasonable, adequate, and in the best interests of the Settlement Class.


Important Dates
  • October 16, 2019 - October 19, 2019.
    Class Period
  • February 1, 2021
    Deadline to Exclude Yourself from the Settlement
  • February 1, 2021
    Deadline to Object to the Settlement
  • February 15, 2021
    Claim Filing Deadline
  • April 1, 2021, at 2:00 p.m.
    Final Approval Hearing