Pa. Court Denies Cert. For IRA Holders In Banking Tiff

Law360, Philadelphia (August 28, 2013, 6:12 PM EDT) -- The Pennsylvania Superior Court on Tuesday upheld a trial court ruling denying class certification to a couple who accused First Commonwealth Bank of reneging on a promise to automatically continue or roll over IRAs at 8 percent or higher when it closed the accounts.

A three-judge panel concluded that appellants Patrick and Barbara McGrogan challenged only one of the trial court’s three reasons for not granting class certification in the case.

“It is well established that an appellate court may neither litigate for the parties nor...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.