S.D. Fla. · No. 0:26-cv-63068
Full docket on CourtListener ↗
No federal docket timeline hydrated for this case yet (state-court settlements have no RECAP docket).
| Matter | Type | Practice area | Court | Date | Value |
|---|---|---|---|---|---|
| JPMorgan Chase Bank, N.A., d/b/a Chase Banksource ↗ filed by Wites Law Firm · Judge Melissa Damian · No. 0:26-cv-63068 · 28:1332 Diversity · view case timeline → Comparable settlements $200M–$688M ▾Comparable rulings show no direct false-advertising banking precedent; outcomes are evenly split across analogous consumer-protection theories (e.g., Cetorelli affirming CSPA deceptive-practices liability vs. Guthrie affirming denial of class cert for individualized UCL claims). FDUTPA-style false advertising claims against large banks often survive initial pleading but face certification hurdles on reliance/damages. Comparable settlements $200M–$688M median $237.50M · n=10 Merck & Co. Inc. a $688M · Toyota Industries $436M · Toyota Industries $299.50M Per member (realized): ~$2,500 median · $2,500–$2,500 (n=1) Comparable verdict: Papaya $420M · VPX, Inc. $293M Key precedent: Cetorelli v. Duell Action Builders (Ohio Ct. App.) - shows deceptive-practices claims can survive with treble damages/fee awards, a favorable analog for consumer false-advertising theories. Main risk: Individualized reliance/causation issues defeating class certification, as in Guthrie v. Transamerica where individualized inquiry barred cert. This defendant: Chase faces repeated consumer-credit and privacy filings (FCRA/FDCPA, Wang, McLean, Lichtenauer, Babich), suggesting pattern of regulatory/consumer litigation exposure. Rough EV model (wide — class size is the big unknown, not a prediction): $2.50M–$600M No directly on-point false-advertising banking comparable exists; per-member benchmark is single data point, and class size is a rough estimate from company-wide statistics, not case-specific allegations. · grounded in 10 rulings, 10 settlements, 10 verdicts | Filing | False Advertising | S.D. Fla. | 2026-10-30 | $200M–$688M comparable settlements |