11th Circ. Forces Arbitration In SunTrust Overdraft Action
By Evan Weinberger
Law360, New York (March 1, 2012, 7:15 PM ET) -- The Eleventh Circuit on Thursday ordered members of a putative class action alleging SunTrust Banks Inc. hit them with exorbitant overdraft fees must take their case to arbitration, overturning a lower court ruling in the broader multidistrict litigation over overdraft fees.
A three-judge panel found in a unanimous, unpublished decision that SunTrust had provided sufficient warnings about the overcharge fees that were linked to the accounts held by named plaintiffs Jeffrey and Jeannette Buffington as well as the mandatory arbitration clause that the lawsuit sought to...