Union Bank Overdraft Fees Class Action Lawsuit
A nationwide class action lawsuit, entitled Larson v. Union Bank, MDL No., 09-0236, charges that Union Bank engaged in unfair and deceptive business practices to maximize overdraft fees from charges and purchases on customer ATM and debit cards.
Complete information on the settlement, including the court-approved notice and important upcoming deadlines for class members, can be found at www.UnionBankoverdraftsettlement.comOn April 26, 2012, U.S. District Judge James Lawrence King of the Southern District of Florida granted preliminary approval to a $35 million settlement. Read the Court's order.
The settlement applies to
"All Union Bank customers in the United States who had one or more consumer accounts and who, between July 16, 2005 and August 13, 2010, incurred an Overdraft Fee as a result of Union Bank's Debit Re-sequencing."
On September 13, 2012, the Court granted final approval to the settlement. In approving the settlement, Judge King complimented plaintiffs' counsel for their outstanding work and effort in resolving the case:
"The description of plaintiffs' counsel, which is a necessary part of the settlement, is, if anything, understated. In my observation of the diligence and professional activity, it's superb. I know of no other class action case anywhere in the country in the last couple of decades that's been handled as efficiently as this one has, which is a tribute to the lawyers."
Complete information on the settlement, including the court-approved notice and important upcoming deadlines for class members, can be found at www.UnionBankoverdraftsettlement.com.
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