Bank of America overdraft fee class action settlement gains preliminary approval

[JURIST] A class action settlement for $410 million between Bank of America (BOA) [corporate website] and customers claiming they were illegally charged overdraft fees was preliminarily approved on Monday in federal court. A judge for the US District Court for the Southern District of Florida [official website] approved the settlement plan [WSJ report] in which the plaintiffs’ attorneys, the Alters Law Firm [corporate website], will receive as much as 30 percent of the settlement. BOA is just one of a…