“If there were
no bad people, there would be no need for good lawyers.”
Charles Dickens
Flashback to 2004,
there is a young person who is an undergraduate student. Between juggling classes,
studying, time with friends and newly discovered freedom, this young person had
a few overdraft fees.
This was not an isolated
incident. Hundreds of individuals were experiencing the same identical
situation. What situation? Customers had incurred overdraft fees that they viewed
as suspicious. Most individuals viewed
the overdraft fees a result of poor recording keeping on their part. They chalked up the
issue as a lesson learned.
Others sought to
determine if there has been wrongdoing. Someone sought the advice of an
attorney. A class action suit was initiated.
The settlement…
“****** Third Bank
has agreed to a 9.5 million settlement of a class action lawsuit concerning the
way it issues overdraft fees.” *
I wonder how many
folks were surprised to discover hefty checks in their mailbox. Individuals could receive up to three times
the amount they were charged from the class action settlement.
* Source TOP
CLASS ACTIONS Connecting Costumers to Settlements, Lawsuits, and Attorneys.
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