Federal Judge Allows Overdraft Claims Against BancorpSouth To Proceed

Federal Judge Allows Overdraft Claims Against BancorpSouth To Proceed

MIAMI - The federal judge in Florida overseeing a multidistrict litigation in which class members allege that several banks manipulated the order of debit card transactions to maximize checking account overdraft fees denied BancorpSouth Inc.'s motion for summary judgment and rejected most of its affirmative defenses on Oct. 24, saying that the bank "continues to engage in debit resequencing to this day" (In Re: Checking Account Overdraft Litigation, No. 09-md-02036, S.D. Fla.).

Find full version on lexis Advance®
Access this news story on lexis.com®