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The law firms of Rigrodsky & Long, P.A. and Cohen Law Group, P.C. were appointed as interim co-lead counsel, with two additional firms, in the consolidated multidistrict litigation pending in the United States District Court for the Eastern District of New York, In Re: HSBC Bank USA, N.A. Debit Card Overdraft Fee Litigation, Case No. 2:13-md-02451-ADS-AKT. Rigrodsky & Long, P.A. and Cohen Law Group, who represent plaintiff Darek Jura, were successfully litigating class claims for violations of state law by HSBC Bank USA, N.A. (“HSBC Bank”) in New York County Supreme Court before filing a complaint on behalf of a national class in federal court.
Specifically, the litigation alleges that HSBC Bank improperly resequenced debit card transactions from high to low, rather than in chronological order, to drive its customers into overdraft and, thereby, maximize overdraft fee revenues. A fee of $35 was assessed for every transaction after the customer was forced into overdraft, and such fees were assessed even if the customer would have had adequate funds in their account but for the resequencing of debit transactions. HSBC Bank is also alleged to have failed to provide its customers with adequate notice of its resequencing policy, or provide customers with the opportunity to decline transactions that would result in an overdraft assessment.
If you believe you were improperly assessed overdraft fees by HSBC Bank between December 2006 and the present and would like to speak with us, or have any information or questions relating to this litigation, please contact Timothy J. MacFall, Esq. of Rigrodsky & Long, P.A. at (516) 683-3516 or firstname.lastname@example.org, or Brian S. Cohen, Esq. of Cohen Law Group at (212) 967-2879 or email@example.com.
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Friday, December 6, 2013
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