Financial Services Litigation

Attorneys at Calvo Fisher & Jacob have extensive experience representing some of the nation’s largest banks and financial institutions in state and federal courts. Our attorneys have served as lead trial counsel in major cases involving checking account, credit card and consumer loan fees, commercial lender liability, merchant credit card chargebacks, claims of unfair business practices, and other financial services issues.

Calvo Fisher & Jacob lawyers have special expertise handling consumer class action litigation in the banking and financial services industry, successfully representing clients in numerous suits involving credit cards, mortgages, loans, checking accounts, ADR clauses, and other consumer issues.

Our deep knowledge of the financial services industry enables our lawyers to develop successful strategies for resolving even the most difficult and complex financial services litigation matters. In addition to a winning record in court, our lawyers are skilled negotiators with significant alternative dispute resolution experience.

Representative Matters

  • Calvo Fisher & Jacob, on behalf of a whistleblower client, sued Citibank under California’s false claims act for its practice of sweeping funds from dormant credit card accounts into Citibank’s own general ledger. The complaint asserted that the money “swept” and kept by Citibank should go back to its customers, or else to the state of California as unclaimed property. After the California attorney general intervened against Citibank, Citibank settled by agreeing to pay refunds and damages totaling $18 million.
  • Calvo Fisher & Jacob led the team on behalf of Bank of America that defeated multiple challenges to the settlement of a nationwide class action suit alleging that the Bank had wrongfully disclosed personal information of tens of millions of checking account, credit card and mortgage customers. In rejecting the arguments by objectors that the settlement was unfair and inadequate, the California Court of Appeal upheld the settlement, and affirmed Bank of America’s position in all respects.