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March 2, 2015 | New York Law Journal

Judge Dismisses Plaintiffs' Payday Loan Suit Against BofA

While acknowledging that governments have "sought to protect desperately poor people from the consequences of their own desperation" by prohibiting usurious loans, a federal judge

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March 2, 2015 | New York Law Journal

Judge Dismisses Plaintiffs' Payday Loan Suit Against BofA

While acknowledging that governments have "sought to protect desperately poor people from the consequences of their own desperation" by prohibiting usurious loans, a federal judge dismissed the claims of a class of "payday loan" borrowers against a bank that processed the transactions.

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Jeanette Costoso, individually and on behalf of all others similarly situated, Plaintiff v. Bank of America, N.A., Defendant, 14-cv-4100 (ADS)(ARL)

Publication Date: 2015-02-26
Practice Area:
Industry:
Court: U.S. District Court, Eastern District
Judge: District Judge Arthur Spatt
Attorneys: For plaintiff: Attorneys for the Plaintiff by: Darren T. Kaplan, Esq., of Counsel, Darren Kaplan Law Firm, P.C., New York, NY. Attorneys for the Plaintiff by: Hassan Zavareei, Esq., Jeffrey D. Kaliel, Esq., of Counsel, Tycko & Zavareei LLP, Washington, DC. Attorneys for the Plaintiff by: Jason H. Alperstein, Esq., of Counsel, Kopelowitz Ostrow P.A., Fort Lauderdale, FL. Attorneys for the Plaintiff by: Gosselin Sathya, Esq., of Counsel, Hausfeld LLP, Washington, DC. Attorneys for the Plaintiff by: Stephen N. Six, Esq., of Counsel, Stueve Siegel Hanson LLP, Kansas City, MO.
for defendant: Attorneys for the Defendant by: Maria B. Earley, Esq. Benjamin R. Nagin, Esq., of Counsel, Sidley Austin LLP, Washington, DC.
Case Number: 14-cv-4100 (ADS)(ARL)

Cite as: Costoso v. Bank of America, 14-cv-4100 (ADS)(ARL), NYLJ 1202719018212, at *1 (EDNY, Decided February 24, 2015) 14-cv-4100 (ADS)(ARL) Dist