Judge Approves $410 Million Settlement In Checking Account Overdraft MDL

MIAMI - A federal judge in Florida who is overseeing a multidistrict litigation against a number of financial institutions for allegedly engaging in an illegal scheme to resequence checking account transactions to maximize returns on overdraft fees granted final approval of a $410 million settlement between plaintiffs and Bank of America Corp. on Nov. 7 (In re Checking Account Overdraft Litigation, No. 09-md-2036, S.D. Fla.; See September 2011, Page 32). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com