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

Law360, New York (November 04, 2011, 4:10 PM ET) -- Union Bank NA will shell out $35 million to withdraw from a multidistrict litigation in Florida accusing several banks of breaching contracts by unfairly charging customers exorbitant overdraft fees, the parties said Wednesday.

A notice filed by both parties said Union Bank would pay the sum “in exchange for a full and complete release of all claims brought” against it in the MDL. The proposed settlement will be filed with the court within 45 days, it said.

An attorney for Union Bank declined to comment, and...
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Case Information

Case Title

In Re: Checking Account Overdraft Litigation

Case Number



Florida Southern

Nature of Suit

Contract: Other


James Lawrence King

Law360 Coverage

Date Filed

June 10, 2009


Law Firms Mentioned

Companies Mentioned

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