Alexander Beam et al. v. Cobalt Credit Union

• The lawsuit that is being settled is entitled Alexander Beam et al. v. Cobalt Credit Union. It is pending in the Sarpy County District Court, Case No. D59CI240000635.
• The case is a “class action.” That means that the “Class Representatives,” Alexander Beam and Kenneth Randolph, are individuals who are acting on behalf of current and former customers who were assessed certain Overdraft and NSF fees (“Relevant Fees”) between April 12, 2019 and March 31, 2024. The Class Representatives have asserted claims for breach of the account agreement.
• Defendant does not deny it charged the fees the Class Representatives are complaining about, but contends it did so properly and in accordance with the terms of its agreements and applicable law. Defendant therefore denies that its practices give rise to claims for damages by the Class Representatives or any Settlement Class Members.

Read the Notice fully and carefully; The proposed Settlement may affect your rights!