John McCarrick Comments on 9th Circuit Ruling on Overdraft Fees and Coverage Claims for Banks
The Ninth Circuit ruled recently that debit transactions can be ordered in a way that maximizes overdraft fees. According to experts, this can potentially make it more feasible to win insurance coverage for the hundreds of millions of dollars they've paid out to settle class actions over the practice.
John McCarrick spoke with Law 360 on the implications of the ruling and what it means for customers.
If you would like to receive additional news alerts, event notifications, or correspondences pertaining to this and other industry-specific topics, please sign up by visiting the Contact Us page. Be sure to provide your contact information, including email address, and list the areas of practice or industries for which you would like to receive information.
This correspondence should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult a lawyer concerning your own situation with any specific legal question you may have.