Legal News Articles - Financial
February 18, 2018. By Anne Wallace.
New York, NY Tawanna Roberts's excessive bank overdraft fees lawsuit had all the familiar hallmarks. She claimed that she had a positive balance at the time she made the transactions that triggered the penalties, and that those penalties were made worse by Capital One's practice of reordering transactions to maximize what it could charge.Read [ It's Alive! Class Action Lawsuit against Capital One Bank is Back On ]
February 15, 2018. By Gordon Gibb.
Denver, CO: An ERISA lawsuit that had its beginnings in 2016 has been granted class action status in a certification that could benefit tens of thousands of class members. At issue are allegations that fiduciaries acting on behalf of defendant Oracle Corp. failed to uphold their fiduciary duties by investing in funds and other investments that failed to maintain the best interests of 401(k) Plan members and other investors, at heart.Read [ Plaintiffs Litigating ERISA Lawsuit v. Oracle Corp. Achieve Class Action Status ]
February 3, 2018. By Anne Wallace.
Washington, DC Since 2009 emergency room charges have jumped by as much as 85 percent. Are patients really sicker? Has the actual cost of care gone up that much? Are hospitals price-gouging? For both uninsured patients and those with big deductibles, the bottom line is the same – a gaping hole in the pocketbook.Read [ Are ER’s Cashing in on Upcoding? ]
January 26, 2018. By LAS Staff Writer.
Miami, FL (January 24, 2018) A Florida judge signed an order today holding creditor, IH5 Property Florida LP with GP IH5 Borrower GP LLC, more commonly known as Invitation Homes, in contempt of court for intentional violation of the automatic stay. Miami bankruptcy attorney, Timothy S. Kingcade’s client filed a Chapter 7 petition on November 30, 2017. Despite having notice of the bankruptcy filing, on December 5, 2017, the creditor, Invitation Homes, proceeded to file an eviction action against the client. Attorney Kingcade filed a motion to hold the landlord in contempt of court for violating the automatic stay. The motion adequately showed that Isamar Alers of Invitation Homes had actual knowledge of the bankruptcy on November 30.Read [ Creditor Held in Contempt of Court for Violating Automatic Stay ]
January 23, 2018. By Gordon Gibb.
Denver, CO: An ERISA lawsuit was filed at the end of November in Colorado alleging mismanagement of a stock fund that resulted in losses for the defined contribution plan participants.Read [ Plaintiffs in Class Action ERISA Lawsuit Allege Breach of Fiduciary Duties ]
January 19, 2018. By Gordon Gibb.
Washington, DC: When one looks back to 2017 and considers examples when banks have been called to account for excessive bank overdraft fees – including last November’s $66.6 million settlement to end a bank overdraft fees lawsuit against Bank of America – one would naturally assume progress is finally being made on an issue that has plagued Americans for years.Read [ Despite Recent Settlements, Banks Still Bilking Consumers Out of Billions ]
December 29, 2017. By Brenda Craig.
Washington, D.C. A new report from Pew Charitable Trusts released on December 20, 2017 documents the burden overdraft fees continue to place on the shoulders of consumers. Although the banking industry has made some voluntary changes regarding overdraft fees Pew reports that American consumers are still paying $14 billion annually in overdraft fees.Read [ Overdraft Fees Chewing Up Consumers ]
December 15, 2017. By Lucy Campbell.
Washington, DC: A supreme court ruling in an ERISA lawsuit concerning the statute of limitations pertaining to plaintiffs claims, namely, Tibble, et al vs. Edison International, et al, has found the VP of human resources liable of a fiduciary breach.Read [ 401K Lawsuit Finds Edison Human Resources Rep Liable for Breach of Fiduciary Duty ]
November 25, 2017. By Anne Wallace.
Honolulu, HI: Many consumer lawsuits over excessive overdraft fees focus on banks’ practice of reordering withdrawals to maximize what they can charge. The argument advanced by Linda Robinson in Robinson v. First Hawaiian Bank is different and relies on state usury laws. This opens new possibilities in the battle between consumers and banks and may prove to be important as federal financial protection for consumers seems increasingly under siege.Read [ Are Continuous Overdraft Fees Like Illegal Payday Loans? ]
November 10, 2017. By Gordon Gibb.
Los Angeles, CA: Yet another major bank has bowed to litigants enraged over excessive bank overdraft fees, following the announcement of a settlement worth $66.6 million. The bank overdraft fees settlement, designed to end a lawsuit against Bank of America, still requires court approval.Read [ Bank of America to Settle Excessive Fees Class Action for $66.6 Million ]
- ER Bills and Hospital Overcharging: It’s Not Getting Any Better By Gordon Gibb (Oct-30-17)
- It Just Got Harder to Sue Your Bank for Excessive Overdraft Fees By Anne Wallace (Oct-30-17)
- Equifax Breach Led to Real Life Problems says Class Action By Brenda Craig (Oct-27-17)
- Wells Fargo Now Favors Arbitration in Long-Running Overdraft Fees Lawsuit By Gordon Gibb (Oct-16-17)
- California ‘Bad Faith’ Claim in Disability Denial Lawsuit By Anne Wallace (Oct-15-17)
- Unum Group Appears as Innocent Bystander in Insurance Denial Lawsuit By Gordon Gibb (Oct-13-17)
- Attorney Files Equifax Class Action Lawsuit By Jane Mundy (Sep-25-17)
- Banks Fight Excessive Overdraft Suits with Bid for Arbitration By Anne Wallace (Sep-8-17)
- Whistleblower Alleges Healthcare Fraud in Lawsuit By Gordon Gibb (Sep-7-17)
- Disgruntled Connecticut Account Holder Sues People’s United Bank over Fees By Gordon Gibb (Sep-3-17)
- Disability Insurance is not a Slam Dunk says Lawyer By Brenda Craig (Aug-15-17)
- Republican Lawmakers Want to Retract New Consumers Rights to Excessive Bank Fees Class Actions By Gordon Gibb (Aug-3-17)
- Tipsters Play Huge Role in Rooting Out Financial Fraud By Brenda Craig (Aug-2-17)
- Labor Department Orders Wells Fargo to Reinstate Whistleblower and Pay $577,000 in Back Wages By Deb Hipp (Jul-27-17)
- Denied Disability Plaintiffs Overdue for Unum’s Cutting Board? By Jane Mundy (Jul-20-17)
- Study Finds Consumers Complain Most About Banks With Highest Overdraft Fee Revenue By Deb Hipp (Jul-19-17)
- Sears Facing 401K Class Action Lawsuit By Lucy Campbell (Jul-19-17)
- Financial Choice Act Threat to Consumer Litigation say Critics By Brenda Craig (Jun-19-17)
- The Best Strategy for Dealing with Proof of Disability Letters By Brenda Craig (Jun-7-17)
- An Award-Winning Employee Culture at Unum Can’t Stop Lawsuits By Gordon Gibb (May-27-17)
- Payments Flowing to State Sponsored Terrorism Victims, but Lawsuits Continue By Gordon Gibb (May-20-17)
- $8M Settlement Reached in Omnicare False Claims Suit By Lucy Campbell (May-18-17)
- BOK Financial $7.8 Million Class Action Settlement Headed For Final Approval By Deb Hipp (May-11-17)
- Calls for Increased Regulation of Car Title Loans Increasing By Gordon Gibb (May-5-17)
- Lack of State Oversight Prompting Texas City to Act By Gordon Gibb (Apr-24-17)
- Wells Fargo’s Pursuit of Arbitration a Waste of Resources: Plaintiffs By Gordon Gibb (Apr-24-17)
- Study Finds That People With Lowest Incomes Pay Most in Bank Overdraft Fees By Deb Hipp (Apr-11-17)
- New Law May Allow 9/11 Families to Take Saudi Government Officials to Court By Deb Hipp (Mar-21-17)
- The Predatory Lending Cycle of the Car Title Loan By Gordon Gibb (Mar-13-17)
- New Report Shows 10 Banks Account for 67 Percent of Overdraft Fee Revenue By Deb Hipp (Feb-28-17)
- Qui Tam Whistleblowers and Healthcare Fraud: “It’s a Completely Criminal Enterprise” By Jane Mundy (Feb-19-17)
- $15.3 Million Settlement over Predatory Lending By Gordon Gibb (Feb-10-17)
- Unfair Car Title Loans a Growing Trend By Gordon Gibb (Jan-8-17)
- California Overtime and the Almost Final Rule By Jane Mundy (Dec-24-16)
- Cash for Whistleblowers in the Health Care Industry By Brenda Craig (Dec-15-16)
- A Potpourri of New York Unpaid Wages Lawsuits By Gordon Gibb (Dec-12-16)
- Veterans Made to Repay Bonuses: Does this Jive with California Labor Law? By Gordon Gibb (Oct-26-16)
- Massive Yahoo Data Breach Revealed, Class Actions Pop Up Next Day By Gordon Gibb (Sep-28-16)
- Wells Fargo Under Fire for Excessive Fees Again By Heidi Turner (Sep-14-16)
- Wells Fargo Fake Bank and Credit Card Account Fraud Revealed By Lucy Campbell (Sep-8-16)