BMO Harris Bank is going to have to pay through the nose as a result of the HB Overdraft Class Action Lawsuit. A $9.4 million dollar settlement has been proposed over claims that Harris Bank manipulated debit card transactions in order to gain a profit through transaction costly fees. This lawsuit is part of In re: Checking Account Overdraft Fee Litigation against 30 of the nation’s largest banks. Other major banks that were part of this lawsuit included Chase, BOA and PNC. Harris Bank denies all actions of wrong doing but has agreed to settle to avoid a costly trial. Class members who stay in the lawsuit will be represented by the following lawyers: Bruce S. Rogow, Bruce S. Rogow, Robert C. Gilbert and Aaron S. Podhurst. Class members will not be charged by these lawyers but they lawyers will receive a percent of the settlement amount. If you would like to exclude yourself from the settlement you have until March 22, 2013 to do so. The final approval hearing will take place on April 19, 2013 and the deadline to file a claim is June 18, 2013. The hearing will be held at United States District Court for Southern District of Florida, Miami Division, located at James Lawrence King Federal Justice Building, 99 Northeast Fourth Street, 11th Floor, Courtroom 2, Miami, FL 33132 at 10:30 am. Class members are not required to attend. HBOverdraftSettlement.com provides instructions on how to file a claim and other court related documents.
You should file a claim if you meet any of the following terms:
- Had a Harris Bank consumer deposit Account that was opened anywhere other than in Illinois and accessible with a Harris Debit Card between April 23, 2004 and October 4, 2012; or
- Had a Harris Bank consumer deposit Account that was opened in Illinois and accessible with a Harris Bank Debit Card between April 23, 2000 and October 4, 2012; and
- Were charged one or more Overdraft Fees as a result of Harris Bank’s practice of posting Debit Card Transactions from highest to lowest dollar amount.
Any questions about the lawsuit can be directed to 1-877-803-8699 or by email at info@HBOverdraftSettlement.com. It is recommended that most class members join the lawsuit in order to collect the maximum benefits. The amount of money any one class member will receive is based upon how many people file claims.