Union Bank Checks Out Of Overdraft Fee MDL For $35M

November 17, 2011 by

Union Bank NA will shell out $35 million to withdraw from the multidistrict litigation in Florida accusing several banks of breaching contracts by unfairly charging customers exorbitant overdraft fees when they switched the order of processing the debit transactions to highest to lowest.  I earlier posted that Judge King had certified a class action against Union Bank.

This is the second bank to settle to get out of this litigation.  I earlier posted a note when Bank of America settled for $410 million.  Hopefully, there will be more settlements soon.

 

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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