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PRESSBOX

Tusa P.C. and Scott + Scott LLP File Class Action Against Apple Bank Challenging Overdraft Fees

August 11, 2011

Tusa P.C. and Scott + Scott LLP announce the filing of a class action lawsuit against Apple Bank For Savings in the New York Supreme Court. The case was filed on behalf of an Apple Bank customer claiming that Apple Bank’s overdraft fee and check clearing practices are deceptive, contrary to contracts with its customers and results in charging interest rates above the highest rates approved by New York State. “This case attempts to bring Apple Bank into compliance with banking and consumer protection laws applicable to checking account customers,” said Joseph Tusa of Tusa P.C., co-counsel for the plaintiff. “It is unfortunate that Apple Bank charges its customers the largest Overdraft Fees in the state without obtaining prior customer approval,” added Joseph Guglielmo, a partner at Scott + Scott LLP who also represents the plaintiff and the proposed class.

Tusa P.C. is boutique law firm representing consumers, borrowers and shareholders in class actions. It has offices in New York City and Long Island, New York. For additional information or to ask questions about this case or other firm cases, please contact Joseph S. Tusa at tusapc@gmail.com] .[nbspAdditional information is also available at Tusa P.C.’s website: www.tusalawfirm.com.

Scott+Scott is a nationally recognized law firm headquartered in Connecticut with additional offices in New York City, Ohio and California. The firm represents individuals as well as businesses, corporations, public and private pension funds and others who have suffered from corporate fraud and malfeasance. Scott+Scott has participated in recovering billions of dollars and achieved precedent-setting reforms in corporate governance on behalf of its clients. In addition to being involved in complex shareholder securities and corporate governance actions, Scott+Scott also has a significant national practice in antitrust, ERISA, consumer, civil rights and human rights litigation. Through its efforts, Scott+Scott promotes corporate social responsibility. For additional information or to ask questions about this case or other firm cases, please contact Joseph P. Guglielmo at jguglielmo@scott-scott.com or visit the firm’s website at www.scott-scott.com.

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