Stoll Berne filed complaints on behalf of Oregon customers who were subjected to the systematic practice implemented by the bank to re-order electronic debit transactions from the highest dollar amount to the lowest dollar amount so as to deplete the customer's available funds as quickly as possible while maximizing the amount of "Overdraft Fees" collected by the bank. The lawsuit was resolved on a nationwide basis for $55 million.
Consumer Law Cases
STOLL BERNE, along with other class counsel, settled a class action lawsuit regarding promotional offers from Chase Bank USA, N.A. ("Chase") that promised a low interest rate for the life of the loan or until paid off. The case settled on a nationwide basis for $100 million.
On August 27, 2007, checks in the amount of approximately $175.00 were mailed to over 340,000 class members in a nationwide multi-million dollar class action settlement between Hartford Fire Insurance Company and its policyholders. This amounts to an aggregate amount of over $59 million.
On November 9, 2006, a $19.25 million settlement on behalf of 65,000 automobile policyholders with Nationwide was given final approval by the Oregon Federal District Court.
Stoll Berne filed eight proposed class actions against insurance companies (Farmers, State Farm, Safeco, Nationwide, GEICO, Progressive, Hartford and Valley Insurance Company) for violations of the Fair Credit Reporting Act (FCRA).
Stoll Berne has successfully handled a number of high profile securities fraud class action suits on behalf of investors, including suits against Melridge, Deloitte & Touche, Louisiana Pacific, Assisted Living, Southern Pacific and Flir.
Stoll Berne attorneys established new law at the United States Supreme Court that will assist consumers and others in enforcing future "willful" violations of federal statutes.