Ohio Bank Settles $3M Contract Suit With Tax Refund Co.
By Yvonne Juris (March 12, 2020, 12:57 PM EDT) -- An Ohio bank has settled its dispute with a software company over claims the company prematurely opted out of an agreement in which the bank held tax refunds in exchange for fees and interest, an Ohio federal judge said.
While the settlement details were not immediately available, U.S. District Judge Algenon L. Marbley on Wednesday dismissed Ohio Valley Bank's $3 million suit claiming that MetaBank, which does business as Refund Advantage, had violated an agreement that allowed the Ohio bank to hold refunds for MetaBank customers while they were processed. Each party will pay its own attorney fees, costs and expenses,...
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!