ABA's Status of Important Banking Cases
February 2010


Status of Important Banking Cases

New this month:
 
Page 18 Northern Illinois District Court partially dismisses case involving alleged failure to adequately justify a reduction in a customer’s Home Equity Lines of Credit, Hickman v. Wells Fargo Bank.
 
Page 31 Supreme Court invites Solicitor General to weigh in on pending litigation in significant TILA/Regulation Z disclosure case, McCoy v. Chase Manhattan Bank
 
Page 33 Provisional settlement reached in “auction-rate securities” litigation, California v. Wells Fargo Investments, LLC et al. 
 
Page 38 Bank seeks declaration that its internet security is sufficient, Plains Capital Bank v. Hillary Machinery.
 
Page 40 The effects of Cuomo; West Virginia Attorney General sues Capital One for “unlawful debt collection” practices, West Virginia v. Capital One Bank.
 
Page 47 City of Memphis sues Wells Fargo Bank in another subprime case, City of Memphis v. Wells Fargo Bank et al.
 
Page 47 Court dismisses high profile subprime lending case, Mayor and City Council of Baltimore v. Wells Fargo.
 
Page 52 Court dismisses class action contending that “Home Mortgage Consultants” were improperly classified as “exempt” employees under the Fair Labor Standards Act, In re Wells Fargo Home Mortgage Overtime Pay Litigation.

 


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