secwatch.observer — SEC 8-K summary
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Issuer:     PROVIDENT FINANCIAL SERVICES INC (PFS)
CIK:        0001178970
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0000943374-24-000420
Event type: litigation
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Provident Financial settles overdraft fee class action for $1.85M; court approves settlement
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- Court approved $1.85 million settlement on October 11, 2024, resolving wrongful overdraft fee claims.
- Suit filed in May 2022 alleged breach of contract, good faith, and New Jersey Consumer Fraud Act violations.
- Provident Bank contributed to the fund but denies any liability or wrongdoing.
- Motion for preliminary approval was filed September 23, 2024; final approval granted October 11.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1178970/000094337424000420/0000943374-24-000420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1178970/000094337424000420/form8k_101124.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000420

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