Class Actions Blog

Intrust Bank settles overdraft fee class action for $2.7 million

Posted on: February 2nd, 2012 by Steve Larson

Intrust Bank has agreed to pay $2.7 million to settle a class action lawsuit concerning overdraft fees.  Intrust was sued in Kansas state court on September 17, 2010, so this case was not sent to the MDL in Florida where many of the other overdraft fee cases are pending.  The complaint alleged that the bank posted checking account transactions in an order different from the order in which they were made, causing customers to incur additional and excessive overdraft fees.

The class in the suit includes all Intrust account customers who maintained an Intrust account while residing within the state of Kansas and who from October 1, 2005 to June 30, 2010, incurred more than one overdraft fee on a single banking day, at least one of which was on a debit card transaction.

A final fairness hearing on the settlement is scheduled for May 21, 2012.

Two classes certified in overtime class action against RBS

Posted on: January 31st, 2012 by Steve Larson

The Seventh Circuit today affirmed the Rule 23(b)(3) certification of two classes of bank employees alleging state overtime violations.  Ross v. RBS Citizens, dba Charter One and Citizens Financial Group. No. 10-3848 (January 27, 2012). The district court had certified a class of non-exempt tellers subject to an unofficial policy of denying them overtime pay, and a class of branch managers misclassified as exempt, as the majority of their time was spent on non-exempt work.  The opinion addressed two questions: 1) whether the class certification order “define[d] the class and the class claims, issues, or defenses” as required by Rule 23(c)(1)(B), and; 2) whether the classes satisfied Rule 23(a) commonality requirement as enunciated in the Dukes v. Wal-Mart case. Read more…

Class action settlement of Babies ‘R’ Us antitrust case

Posted on: January 27th, 2012 by Steve Larson

A federal judge has approved a $35.5 million settlement in a class action in which plaintiffs charged that Babies ‘R’ Us and a group of baby product manufacturers violated antitrust law.

The class action charged that Babies “R” Us conspired with the manufacturers to restrict competition by requiring all retailers to sell their goods at or above a minimum resale price, and thus, that the class paid inflated prices for products, Judge Brody said Tuesday in her memorandum opinion in McDonough v. Toys ‘R’ Us Inc. and Elliott v. Toys ‘R’ Us Inc. Read more…

US Supreme Court denies certiorari in Applebee case

Posted on: January 26th, 2012 by Steve Larson

The US Supreme Court on January 17, 2012, turned down an appeal from Applebee’s International Inc., which is battling a lawsuit from more than 5,500 bartenders and servers accusing the restaurant chain of underpaying them.   The high court declined to hear Applebee’s case, which focuses on a practice in which restaurants pay employees reduced minimum wage by factoring in the extra boost provided by tips. Read more…

Securities class action filed against Netflix

Posted on: January 25th, 2012 by Steve Larson

A securities fraud class action has been filed on behalf of all persons who purchased the common stock of Netflix between December 20, 2010 and October 24, 2011.  The case is entitled City of Royal Oak Retirement System v. Netflix, Inc. et al. Case No. 3:12-cv-00225 (N.D. Calif. January 13, 2002).

The Plaintiff alleges that during the class period, the Defendants issued materially false and misleading statements regarding the company’s business practices and its contracts with content providers.  Specifically, the Defendants concealed negative trends in Netflix’s business, and as a result, Netflix’s stock traded at artificially inflated prices during the class period, reaching a high of almost $300 per share on July 13, 2011, the Plaintiff contends.  The Plaintiff asserts that after Netflix revealed that it had lost a million subscribers when its price increases became effective, Netflix stock collapsed nearly $40 per share to close at just under $170 per share on September 15, 2011. Read more…

Judge certifies home equity creditline classaction against Washington Mutual

Posted on: January 24th, 2012 by Steve Larson

A federal judge in the Northern District of California certified a class led by a  Cupertino couple who say Washington Mutual and JPMorgan Chase suspended and reduced credit limits on their home equity credit lines without valid reasons.

Jeffrey and Jenifer Schulken sued Washington Mutual Bank and JPMorgan Chase in 2009, alleging Truth in Lending Act violations, unfair competition and other claims. Read more…

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The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.

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This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

About the author

  • Steve Larson
  • Steve Larson

  • Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
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