December 15, 2015
The Eighth Circuit is set to consider Thursday whether a pair of insurers must cover $30 million of U.S. Bancorp's $55 million class settlement of overdraft fee litigation, in a case that attorneys say raises important questions regarding what constitutes restitution and whether it is covered under insurance policies. Here, Law360 dives into what's on the line.
October 16, 2014
A Minnesota federal judge on Wednesday declined to allow two insurers to immediately appeal his refusal to take the duo off the hook for covering part of U.S. Bancorp's $55 million class settlement of overdraft fee litigation.
July 03, 2014
Two insurers failed Thursday to exit litigation against U.S Bancorp over coverage for a $55 million settlement of three class actions challenging overdraft fee practices, after a Minnesota federal court refused to hold that the bank's losses were uninsurable.