PNC Bank settles excessive overdrafts class action for $90 million

June 29, 2012 by

Earlier on this blog, I reported that Judge King in the MDL proceedings in Florida had certified a nationwide class action against PNC Bank.  Now, PNC Bank has 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.  This is the latest in what is becoming a fairly large line of settlements.

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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