Susquehanna Bank settles excessive overdraft fee class action

January 17, 2013 by

FeeAnother bank has chosen to resolve the claims that they overcharged customers when they changed their policy for recording debit transactions from highest to lowers. 

Plaintiffs, individually and as representatives of a proposed Settlement Class, and Defendant, Susquehanna Bank notified the federal court in the Southern District of Florida that on December 20, 2012, they executed a Summary Agreement that sets forth the material terms of the parties’ binding and enforceable agreement to fully resolve all claims in the class action lawsuit based on Susquehanna Bank’s payment of the sum of  $3.68 million. 

Susquehanna Bank did not admit liability.  The settlement is subject to preliminary and final approval of the Settlement by the Court.

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.

Legal Disclaimer

The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.