A Third Bank Agrees to Settle to Exit Overdraft MDL

November 16, 2011 by

On November 2, 2011, Iberia Bank agreed to pay $2.5 million to settle a class action against it that was pending in the Florida multidistrict litigation in which several banks are defendants in cases alleging that the banks breached the covenant of good faith and fair dealing when they unfairly charged customers exorbitant overdraft fees by reordering how the debit transactions were processed from highest to lowest.


Steve Larson
An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, consumer cases, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, employment matters, 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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