March

Blog Posts in March, 2012

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  • Class Action Against HSBC Settles for $23.5 Mil.

    Posted By Golomb & Honik || 17-Mar-2012

    A $23.5M settlement has received preliminary approval from a federal judge in Philadelphia in a class action lawsuit against HSBC Bank, Esslinger v. HSBC Bank Nevada N.A. The bank has been accused of using deceptive tactics to sell payment protection plans to its customers. If granted final approval, the settlement would be the fourth of its kind nationwide against credit card companies over ...
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  • Chase to Settle Overdraft Lawsuit

    Posted By Golomb & Honik || 1-Mar-2012

    Chase is offering $110 million to settle a class-action lawsuit alleging it unfairly burdened customers with overdraft fees, which allowed the bank to earn $500 million annually. The bank has filed a tentative agreement with the U.S. District Court for the Southern District of Florida in the overdraft lawsuit. A Miami based law firm filed suit in 2009 on behalf of a sizable class of plaintiffs ...
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