Case No. 2:18-cv-09490-SVW-PJWx (C.D. Cal.)
Welcome to the settlement website for the class action lawsuit, known as Galavis et al. v. Bank of America N.A. et al., pending in the United States District Court for the Central District of California.
If You Incurred Cash Advance Fees And/Or Cash Advance Interest Charges In Connection With Cryptocurrency Transactions Using Your Bank Of America Credit Card, You May Be Entitled To Benefits From A Proposed Class Action Settlement.
A settlement has been reached in a class action lawsuit pending in the United States District Court for the Central District of California entitled Galavis et al. v. Bank of America, N.A. et al., Case No. 2:18-cv-09490-SVW-PJWx (C.D. Cal.) (the “Action”). In the Action, two holders of Bank of America, N.A. (“BANA”) credit cards allege that cash advance fees and cash advance interest charges assessed by BANA in connection with cryptocurrency transactions using BANA credit cards violated the Truth in Lending Act and breached the cardholder agreements, and that Visa Inc. (“Visa”) interfered with the contractual relationships of BANA and some of its cardholders. BANA and Visa (“Defendants”) deny that they engaged in any wrongdoing, and the Court has not decided which side is right. The Court has tentatively approved the proposed settlement agreement (“Settlement”) to which the parties have agreed.
Current and former holders of BANA credit cards who, from June 1, 2016, through September 26, 2019, were assessed cash advance fees and/or cash advance interest charges for cryptocurrency transactions using their BANA credit card may be eligible to receive a check.
Please read the Notice and this website carefully.
These rights and options – and the deadlines to exercise them – are explained in the Frequently Asked Questions (FAQ) page of this website.