Litigation

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Duane Morris Alerts: Electronic Funds Transfer Act: Class Action Surge Highlighted By Recent Cases
Posted on 15 Nov 2011 by Duane Morris LLP

The Electronic Funds Transfer Act, 15 U.S.C. § 1693 et seq. (EFTA), and its regulations promulgated by the Federal Deposit Insurance Corporation (FDIC), Reg E, 12 C.F.R. sect; 205.16, require, in relevant part, that banks charging a fee to non-bank... Read More

SEC Reaches $25M Fraud Settlement With Diebold, Sues 3
Posted on 3 Jun 2010 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) The Securities and Exchange Commission is pursuing fraud charges against three former executives of ATM maker Diebold Inc. after reaching a $25 million settlement with the company on Wednesday. The SEC filed civil charges against... Read More