TD bank settles excess overdraft class action

September 25, 2012
By Steve Larson

Plaintiffs and TD Bank, N.A. have agreed to a settlement of an excessive overdraft class action pending in the Southern District of Florida as part of the multidistrict litigation pending there. Plaintiffs and the proposed Settlement Class would release their claims in exchange for TD Banks total payment of $62 million. In addition, TD Bank has agreed to pay all fees and costs associated with providing notice to the Settlement Class. The court preliminarily approved the settlement on September 19, 2012.

Categories: Class Actions of Interest

Tags: Bank overdraft

Steve Larson

An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, environmental clean-up litigation, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, 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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