Cuneo Gilbert & LaDuca, LLP, and Cotchett, Pitre & McCarthy, LLP Appointed
Interim Co-Lead Counsel in HSBC Overdraft Fee Litigation
WASHINGTON, July 23, 2013 (GLOBE NEWSWIRE) -- The law firms of Cuneo Gilbert &
LaDuca, LLP and Cotchett, Pitre & McCarthy, LLP, along with two other firms,
were appointed interim co-lead counsel yesterday in the consolidated
litigation against HSBC Bank USA, N.A. in the United States District Court of
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.Cuneo Gilbert &
LaDuca, LLP and Cotchett, Pitre & McCarthy, LLP represent plaintiff Leah Hanes
in the consolidated action.
The litigation challenges HSBC's overdraft policies and practices.The
complaint alleges that HSBC charges $35 for every debit that overdraws a
customer's bank account, and that HSBC maximizes these overdraft fees by
re-sequencing the order in which the debits are applied over several days from
highest to lowest. According to the complaint, excessive overdraft charges
occur even if the customer has adequate funds in his or her account at the
time of the debit.The complaint also alleges that HSBC failed to give its
customers notice of these overdrafts or the chance to opt in or out of this
"overdraft protection," so that the customer could refuse the debit or cover
it with other funds.
If you have any additional information pertaining to this action or have any
questions, please contact attorney Jonathan Cuneo by email at
email@example.com, or by telephone at (202) 789-3960, attorney Sandra Cuneo by
email at firstname.lastname@example.org or by telephone at (917) 319-3777, or attorney
Nancy Fineman by email email@example.com or by telephone at (650)
CONTACT: Jonathan W. Cuneo, Esq.
Sandra W. Cuneo, Esq.
Tel: (917) 319-3777
Nancy L. Fineman
Tel: (650) 697-6000
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