Kardonick v. JP Morgan Chase & Co. et al

Filing 467

Notice of Supplemental Authority in Support of Chase's Motion for a Show Cause Order by Chase Bank USA, N.A. (Attachments: # 1 Exhibit A)(Campbell, Dennis)

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UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORiDA MIAMI DIVISION Case No. l:1O-c’-23235/HOEVELER DAViD KARDONICK. JOHN DAVID, and MICHAEL CLEMINS. individually’ and on behalf of all others similarly situated and the general public, Plaintiffs, V. JPMORGAN CHASE & CO. and CHASE BANK USA, N.A. Defendants. NOTICE OF SUPPLEMENTAL AUTHORITY IN SUPPORT OF CHASE’S MOTION FOR A SHOW CAUSE ORDER (DE 456) Defendant Chase Bank USA, N.A. (“Chase”) respectfully submits this notice to bring to the Court’s attention the newly-issued decision in Esslinger v. HSBC Bank Nevada, NA., No. 103213 (ED. Pa. Nov. 20, 2012) (attached hereto as Exhibit A). The context and procedural posture of the decision were described in advance at page 5 and footnote 4 of Chase’s Reply Memorandum in Support of its Motion for Show Cause Order (DE 464). The relevant portion of the opinion is as follows: Because they are not Class members. the AGs may continue to bring claims belonging to their respective states. such as state criminal and regulatory actions. However, the AGs are precluded from bringing claims in a de facto or de jure representative capacity on behalf of the plaintiffs” in this class action, because doing so would allow Class members to double recover. See In re Baldwin United Corp., 770 F.2d 328, 341 (2d Cir. 1985); cf EEOC v. US. Steel Corp.. 921 F.2d 489, 496-97 (3d Cir. 1990) (“Private litigation in which the EEOC is not a party cannot preclude the EEOC from maintaining its own action because private litigants are not vested with the authority to represent the EEOC But when the EEOC seeks to represent grievants by attempting to obtain private benefits on their behalf, the doctrine of representative claim preclusion must be applied.”). Class members were adequately represented and given an opportunity to opt out of the settlement. Allowing the Class members to recover under both this settlement and future AG-driven litigations on the basis of the same facts would run counter to well-established class action principles and would discourage settlements, which are strongly favored. Warfarin, 391 F.3d at 535 (“[T]here is an overriding public interest in settling class action litigation, and it should therefore be encouraged.”). . . See Exhibit A, Slip Op. at 12 n.2 (emphasis added). Dated: November 27, 2012 Respectfully submitted, Robert D. Wick (admitted pro hac vice) Andrew Soukup (admitted pro hac vice) COVINGTON & BURLING LLP Attorneys for Defendants 1201 Pennsylvania Ave. N.W. Washington, D.C. 20004 Telephone: (202) 662-6000 Facsimile: (202) 778-5487 E-mail: rwick icov.com E-mail: se1ktco\.com Dennis M. Campbell CAMPBELL LAW FIRM. PLLC Attorney for Defendants 95 Merrick Way, Suite 514 Coral Gables, Florida 33134 Telephone: (305) 444-6040 Facsimile: (305) 444-6041 E-mail: dcampheildcampbelIIaw1irrn.net s/Dennis M. Campbell Dennis M. Campbell Florida Bar No. 271527 CERTIFICATE OF SERVICE I HEREBY CERTIFY that on this 27th day of November, 2012, 1 electronically filed Chase’s Notice of Supplemental Authority using the ECF system, which will send a notification of such filing to the counsel of record who have entered appearances in this action. In addition, 1 served a true and correct copy of Chas& s Notice of Supplemental Authority via e-mail on the following individuals: Richard M. Golomb, Esq. Kenneth J. Grunfeld, Esq. GOLOMB & HONIK, P.C. 1515 Market Street, Suite 1100 Philadelphia, PA 19102 E-mail: rgolomhdgolombhonik.coni E-mail: Laura Baughman, Esq. Thomas M. Sims, Esq. BARON & BUDD, P.C. 3102 Oak Lawn Ave., Suite 1100 Dallas, TX 75219 E-mail: 1bauhmanrãTharonbudd.corn E-mail: J. Burton LeBlanc, IV, Esq. BARON & BUDD, P.C. 9015 Bluebonnet Boulevard Baton Rouge, LA 70810 E-mail: Nehlanchhucom M. C am bell Dennis M. Campbell 386908/452-412

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