Morris v. Walmart, Inc.

The Proposed Settlement: Named Plaintiff has reached a proposed class action settlement of the lawsuit with Walmart and TeleCheck (“Settlement Agreement”). The proposed Settlement provides forward-looking improvements to the check disclosures at issue. Specifically, Walmart will update the posted and PIN Pad disclosures at each of its stores nationwide to advise future check-paying customers of the possibility that they may incur multiple bank fees for failing to maintain sufficient funds in their bank accounts. Named Plaintiff will release her individual claim for damages against Walmart and TeleCheck, and Class Members agree to release all claims for injunctive relief under Federal Rule of Civil Procedure 23(b)(2). The Class Members have not released any claims for damages. The proposed Settlement does not provide payments to Class Members and Class Members are not releasing their claims for damages against Defendants, but are only releasing their claims for prospective relief. Class Counsel will request $1,850,000.00 USD in attorneys’ fees less the Named Plaintiff’s reasonable incentive award. The parties are seeking court approval of the Settlement Agreement, as described below.