Banking
Loan Agreement
Illegal Reduction of Home-Equity Lines of Credit
In Re: Citibank Home Equity Line of Credit Reduction Litigation
Published: Oct. 6, 2012 | Result Date: Aug. 31, 2012 | Filing Date: Jan. 1, 1900 |Case number: 3:2009-cv-00350 Settlement – $120 per customer
Court
USDC Northern
Attorneys
Plaintiff
Suzanne L. Havens-Beckman
(Parisi & Havens LLP)
Steven L. Woodrow
(Woodrow & Peluso LLC)
James R. Patterson
(Patterson Law Group APC)
Jay Edelson
(Edelson PC)
David C. Parisi
(Parisi & Havens LLP)
Sean P. Reis
(Reis Law Firm APC)
Defendant
Lucia Nale
(Mayer Brown LLP)
Facts
Plaintiffs brought a class action lawsuit against defendant, a bank, alleging defendant improperly decreased or suspended plaintiffs' home equity lines of credit.
Result
Settlement in the amount of $120 to each plaintiff and $1.2 million in attorney fees.
#91750
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