Sutaniman v. Axos Bank

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Case overview

Case Number:

3:23-cv-02266

Court:

California Southern

Nature of Suit:

Other Fraud

Multi Party Litigation:

Class Action

Judge:

Benjamin J. Cheeks

Firms

Companies

Sectors & Industries:

  1. June 12, 2024

    Axos Bank Can't Arbitrate 'Bait & Switch' Suit, Customers Say

    Customers suing Axos urged a federal judge not to let the bank arbitrate their claims in a consolidated dispute over how it handled interest rates on savings deposit accounts offered through online banking division UFB Direct, arguing that the court, not an arbitrator, must decide arbitrability.

  2. April 17, 2024

    Judge Merges Axos Bank Suits But Won't Appoint Counsel Yet

    A California federal judge has agreed to consolidate a pair of cases over how Axos handled interest rates on savings deposit accounts offered through an online banking division, but rejected its customers' bid to name three law firms as interim co-lead counsel, saying it is not necessary at this time since more consolidation could occur.

  3. March 11, 2024

    3 Firms Seek To Lead, Combine Axos 'Bait And Switch' Cases

    Two consumers who separately sued Axos Bank over its handling of interest rates on savings deposit accounts offered through one of its online divisions have urged a California federal judge to consolidate their lawsuits and appoint three law firms representing them as interim co-lead counsel in the combined case.

  4. December 14, 2023

    Axos Unit Pulls 'Bait And Switch' On Savings Rates, Suit Claims

    Axos Bank has been hit with a proposed class action alleging an online division of the company has repeatedly pulled "a classic bait and switch" on consumers with misleading advertising about high-yield savings accounts.