A group of plaintiff's attorneys accusing banks of systematically manipulating the processing of debit card transactions in a deliberate bid to maximize overdraft fees has been plagued with "reputational concerns and infighting," according to a story in American Banker. One member of the Plaintiffs' Executive Committee (PEC) recently resigned after being sued by an Argentine firm claiming that it deserves a quarter of his fees. Another former PEC member is facing allegations that he sought to obscure from class members the fact that their proposed settlement would reward them with a mere $29.71 each.

"Some things that have come to light might not be the prettiest to look at," said Alan Kaplinsky, who leads Ballard Spahr's Consumer Financial Services practice, which represents banks nationwide. "But disagreements among plaintiffs attorneys in complex litigation are not uncommon."

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Consumer Financial Services
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