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Judge OKs Class In Overdraft Fee MDL Against BancorpSouth

Law360, New York (May 4, 2012, 7:19 PM EDT) -- A Florida federal judge on Friday certified a nationwide class of account holders in a suit against BancorpSouth accusing the banking company of illegally manipulating debit card transactions to collect hundreds of millions of dollars in excessive overdraft fees.

U.S. District Judge James Lawrence King ruled that the class should be certified because all plaintiffs signed on to a standardized form account agreement that affected them in a uniform manner, and the members can be identified through the objective criteria of BancorpSouth's own records.

BancorpSouth asserted...
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