Case Number: No. 3:12-cv-2179
Case Status: Settled
Settlement Amount: $22.1 million
Court: United States District Court for the Northern District of California
Berger Montague served as co-lead counsel and obtained a $22.1 million settlement in this consumer class action lawsuit against JPMorgan Chase Bank, N.A. concerning lender-placed flood insurance. Led by Shanon J. Carson and Patrick F. Madden of Berger Montague, the plaintiffs alleged that JPMorgan Chase Bank engaged in a scheme to require certain borrowers to (1) purchase lender-placed flood insurance at inflated costs due to the bank’s conduct, and (2) purchase lender-placed flood insurance coverage in excess of the amounts required by their mortgage contract or federal law. The case was litigated in the United States District Court for the Northern District of California and captioned Clements, et al. v. JPMorgan Chase Bank, N.A., No. 3:12-cv-2179 (N.D. Cal.).
If you believe that a provision of your mortgage contract has been breached and caused you harm, or that you are a victim of consumer fraud, please contact Berger Montague.
About Berger Montague
Berger Montague is a national law firm focusing on complex civil litigation in federal and state courts throughout the United States. For over half a century, Berger Montague has played lead roles in consequential, precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago, Minneapolis, San Diego, San Francisco, Toronto, and Washington, D.C.