Mich. Lender Gets OK For $2M Deal In Overdraft Class Action

Law360, New York (September 5, 2013, 7:50 PM EDT) -- A Michigan federal judge on Thursday accepted a $2.2 million settlement of a consolidated class action disputing overdraft fee policies at Citizens Republic Bancorp Inc., saying the deal protects the interests of all concerned.

U.S. District Judge Denise Page Hood signed off on the deal, which was formally entered in court in mid-July, heading off what had been a contentious proceeding over whether lawyers for one of the two lead plaintiffs belonged in the case.

"The court finds that the settlement was reached in the absence...
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