Richards et al. v. Chime Financial, Inc.

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	Settlement Class Members were required to file a claim by this deadline in order to receive a payment for losses suffered as a result of the Service Disruption.
Exclude Yourself By February 1, 2021	If you excluded yourself by this deadline, you will receive no payment but will retain any rights you currently have with respect to Defendants and the issues in this case.
Object By February 1, 2021	The deadline to write to the Court explaining why you don't like the Settlement was February 1, 2021.
Go to a Hearing April 29, 2021	The deadline to ask to speak in Court about the fairness of the Settlement was April 29, 2021.
Do Nothing	You will not receive a payment if you failed to timely submit a completed Claim Form, and you have given up your right to sue Defendants about the Claims in this case. You will also remain in the Class and subject to the release.