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The Court, on April 30, 2012, granted final approval of the settlement reached with defendant National Arbitration Forum, Inc. (“NAF”). Previously, the Court, on July 26, 2010, entered Final Judgment for settlements reached with four of the seven defendants in this case.

Please review the information on this website concerning the settlement with NAF. Please note that because the settlement involves the NAF changing its conduct toward the banks' cardholders, there is no opportunity to be excluded from the proposed settlement with NAF.

Ross, et al. v. Bank of America, N.A., (USA), No. 05-cv-7116 (S.D.N.Y.)

On April 30, 2012, the Court granted final approval for the settlement reached with defendant National Arbitration Forum, Inc. (“NAF”). This is the fifth settlement in this matter. Previously, on July 26, 2010, the Court entered Final Judgment for settlements reached with four of the seven defendants – Bank of America, Capital One, Chase and HSBC – in Ross, et al. v. Bank of America, N.A., (USA), et al., No. 05-cv-7116, MDL No. 1409 (S.D.N.Y.). This website supplies information about the litigation and the settlements with NAF and the four banks.

This lawsuit involves claims that the settling defendants Bank of America, Capital One, Chase, HSBC and NAF and the non-settling defendants Citibank and Discover violated federal law by conspiring, with each other and certain non-defendants, to require that their cardholders (a) take all legal disputes to arbitration rather than court and (b) give up any right to participate in class actions against the above six credit card companies. This case is on behalf of cardholders who are subject to arbitration clauses. Cardholders who are not subject to arbitration clauses, including any Discover cardholders who have opted out of arbitration, are not included in the case.

All settling defendants and all non-settling defendants deny that they conspired with each other or that they violated any law, and assert that they have done nothing wrong or improper.

Please go to the documents page to view the documents filed with the Court concerning the settlement with NAF, the reimbursement of litigation expenses, and the litigation generally. A copy of the Notice can be found here.

Please DO NOT contact the Court, the settling defendants, or the non-settling defendants with questions concerning the litigation and the proposed NAF settlement. For inquiries, please use the Contact Us feature on this website or dial 1-800-654-4393.


If you would like information about the settlement in the related matter, In re Currency Conversion Fee Antitrust Litigation (MDL No. 1409), concerning foreign transaction fees, please click here or type www.ccfsettlement.com.

Contact us for more information about this page.