Court preliminarily approves excessive overdraft settlement with PNC Bank

FeeIn June, 2012, I reported that after Judge King in the MDL proceedings in Florida certified a nationwide class action against PNC Bank, the bank agreed to settle the claims of its customers who contend it charged excessive overdrafts when it changed the method of posting debit transactions to largest to smallest. On December 7, 2012, Judge King preliminarily approved the $90 million settlement.  There will be a Fairness Hearing to determine if the court will finally approve the settlement on May 17, 2013 at 11 a.m.

Steve Larson

An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, environmental clean-up litigation, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve’s clients value his creative approach to resolving complex litigation matters.

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