Bad IBERIABANK

IBERIABANK Overdraft Litigation (Florida Litigation)

If you paid overdraft fees related to an IBERIABANK debit card, check card and/or bank card, you could receive a cash payment from a class action settlement.

Case Background:

The purpose of this website is to inform you about a proposed settlement of this class action lawsuit and about all of your options before the Court decides whether to give “final approval” to the Settlement. This website explains the lawsuit, the Settlement, your legal rights, what benefits are available, who may be eligible for those benefits, and how to get them.

Judge James Lawrence King of the United States District Court for the Southern District of Florida, is overseeing this class action. The Settlement resolves the cases known as In Re: Checking Account Overdraft Litigation, S.D. Fla. Case No. 1:09-MD-02036-JLK (“MDL 2036”), and Sachar, et al. v. IBERIABANK Corporation, et al., S.D. Fla. Case No. 1:11-CV-22844-JLK.

The lawsuit alleges that IBERIABANK improperly assessed overdraft fees for insufficient funds on debit card purchases and/or ATM withdrawals by “re-sequencing” transactions in a high to low posting order, resulting in increased overdraft fees. IBERIABANK denies all of Plaintiffs’ claims and says that it did nothing wrong. If you would like further information about the claims asserted in this case, you can review a copy of the Settlement Agreement on the Documents Page.

Original Website - https://www.iberiabankoverdraftsettlement.com//