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...

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