Class action lawsuit against financial institutions is a topic that I have had some success with. This type of lawsuit involves a group of class members who come together in order to pursue a common goal. As an objector to this unfair settlement (by the credit card companies and banks for hiding their supposedly expensive fees for overseas currency exchanges) of the class action lawsuit against banks, credit card companies and financial institutions for their alleged high fees for foreign currency exchanges, I have received many other tips and hints on how to accomplish class action lawsuit against banks that engage in the same practices. I have discussed in previous articles class action lawsuit against banks overcharging customers for pre-approved credit card applications when the customer has not provided any credit history. I’ve also talked about the class action lawsuits against banks over interest rate manipulation and markup of interest rates, another case that I have had success with.
In this article, I’ll discuss another class action lawsuit against financial institutions, this time over foreign currency conversion charges. This class action lawsuit was brought by plaintiffs who were charged with defrauding the bank of $2.1 million through foreign currency conversion charges. This case was settled out of court for a nominal amount. The plaintiffs did not pursue the case to judgment and instead opted to settle out of court. According to my understanding of the situation, none of the parties suffered any financial damage through the settlement.
It would appear from this information that the charges were charged due to an error in computing… There is another possibility… In regard to class-action lawsuit against banks, the bank itself may be liable for punitive damages because it did not instruct its employees correctly in computing currency conversion rates. In an August 19th ruling in the U.S. Virgin Islands, Judge James Johnson awarded plaintiff Kip Roushey $1.75 million due to errors in computing currency conversion rates. According to my knowledge of the situation, no monetary damage has been awarded in either case as a result of errors-in-calculations by bank employees.
In an August 24th ruling, the same judge stated: “The Court is confident that Plaintiffs have suffered and is not convinced that the defendants acted intentionally to cause injury.” In an attempt to avoid the need for a class action lawsuit against credit card companies, the credit card companies signed a consent decree with the courts stipulating that they would post a bond or other monetary payment in an event that the case was lost. As per the consent decree, there will be no liability if the case is lost, meaning that a class action lawsuit against banks will not be needed.
On Sunday, there was yet another spat between two South African rugby players. forwards Jaco Pastor and Jean-Rhys Schewe were suspended from the team indefinitely after they were accused of carrying out a spot of mischief on a rugby pitch. On Saturday, prior to the opening Test against England, the pair had reportedly been involved in a physical altercation outside the Test venue. The rugby officials were called to the site and examined the players. It was further reported that the players had tried to remove money from an autograph stand and were arrested for trespassing.
Both players denied the allegations, stating that they were friends who were drunk when they got into a disagreement with other players. On Monday, The Independent reported that the Rugby officials had taken the players to hospital for evaluation because of the seriousness of their injuries. This is only one instance of a lawsuit. Class Action Lawyer Albert Nagy has been working with theater since 1993. He has successfully handled both individual cases and setsees in Apartheid Reparations Class Action Lawsuit against the RCAF and banks.