Litigation Partner Ira Steinberg shared his insights with U.S. News regarding Capital One’s planned settlement tied to allegations that the bank offered two similarly named savings accounts with substantially different interest rates, resulting in many customers missing out on millions of dollars in potential interest.
Excerpt:
"When you have a lot of serious government lawyers and government agencies all lining up against the settlement, it's going to draw more scrutiny than it would if you had a handful of dissident class members objecting to the settlement," says Ira M. Steinberg, a partner at Greenberg Glusker who specializes in commercial and business litigation.
