Attys Seek $1.7M Fees In $5M BofA Overdraft Class Deal
Law360 (December 2, 2019, 4:20 PM EST) -- A group of Bank of America customers and class counsel are seeking awards of approximately $1.7 million for their efforts negotiating a nearly $5 million deal to resolve claims the bank wrongly charged account holders overdraft fees for everyday transactions with "gig economy" merchants like Lyft and Grubhub.
In a motion filed Friday in federal court in Miami, class counsel at Hedin Hall LLP and Ahdoot & Wolfson PC and the seven class representatives said they devoted considerable time and resources pursuing a novel theory of liability against the banking giant for which there was limited legal precedent.
"But for class...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!