Judge Orders Arbitration In Overdraft MDL

Law360, Miami (August 28, 2013, 4:08 PM EDT) -- A Florida federal judge overseeing multidistrict litigation regarding checking account overdraft fees on Tuesday deemed the arbitration provisions signed by KeyBank NA and Wells Fargo & Co. customers enforceable.

One day after hearing the parties' arguments regarding the arbitration clause, U.S. District Judge James Lawrence King dismissed putative class suits by KeyBank customer David Johnson and Wells Fargo customer Alicia Kennedy because both signed contracts that include provisions requiring that the parties resolve any disputes in mediation.

“Based on the arguments presented, as well as a...
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