Appellate Court Upholds $203 Million Judgment Against Wells Fargo

Bank Misled Customers to Generate Massive Overdraft Fees on Debit Card Purchases

Michael W. Sobol

Michael W. Sobol of the national plaintiffs’ law firm Lieff Cabraser Heimann & Bernstein, LLP, announced that the U.S. Court of Appeals for Ninth Circuit today upheld the order of U.S. District Judge William Alsup reinstating a $203 million judgment against Wells Fargo Bank. [Read more…]

Court Approves $410 Million Settlement in BofA Overdraft Fees Case

Earlier this week, U.S. District Court Judge James Lawrence King has granted final approval to a $410 million settlement in the multi-district litigation against Bank of America for collecting excessive overdraft fees. The complaint charged that Bank of America processed debit card transactions in order of highest to lowest dollar amount to maximize the number of overdraft fees assessed to its customers. [Read more…]