Great Western Bank settles overdraft fee class action

December 20, 2011 by

Great Western Bank announced that it has settled the overdraft class action pending against it in the MDL in Florida for $2.2 million.  This is the sixth case pending in the MDL in Florida that has settled.  Others cited earlier in this blog include Bank of America ($410 million), Bank of Oklahoma ($19 million), Associated Bank ($13 million), Union Bank ($35 million), and Iberia Bank ($2.5 million).  Two overdraft fee class actions reported on in this blog that were not transferred to the MDL have also settled:  Bank of Hawaii ($9 million) and Fifth Third Bank ($9.5 million).

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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