Rigrodsky & Long, P.A. and Cohen Law Group, P.C. Are Appointed Interim Co-Lead Counsel in HSBC Bank USA, N.A. Debit Card

  Rigrodsky & Long, P.A. and Cohen Law Group, P.C. Are Appointed Interim
  Co-Lead Counsel in HSBC Bank USA, N.A. Debit Card Overdraft Fee Litigation

Business Wire

GARDEN CITY, N.Y. -- July 23, 2013

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
tjm@rl-legal.com, or Brian S. Cohen, Esq. of Cohen Law Group at (212) 967-2879
or brian@cohenlg.com.

Attorney advertising. Prior results do not guarantee a similar outcome.

Contact:

Rigrodsky & Long, P.A.
Timothy J. MacFall, Esq.
888-969-4242
516-683-3516
Fax: 302-654-7530
tjm@rl-legal.com
http://www.rigrodskylong.com
or
Cohen Law Group
Brian S. Cohen, Esq.
212-967-2879
brian@cohenlg.com
 
Press spacebar to pause and continue. Press esc to stop.