Law360, New York (September 21, 2015, 8:35 PM EDT) -- Fifth Third Bancorp. and a Columbus, Ohio, video production company asked an Ohio federal judge Monday to approve a $1.8 million settlement after nearly eight years of litigation over allegedly improper banking fees, a figure representing more than 90 percent of the damages and fees class members requested.Arlington Video Productions Inc. claims that Fifth Third improperly charged bank fees against more than 10,000 business checking accounts belonging to it and other class members in breach of deposit agreements. Monday’s proposed settlement includes about $720,000 in attorneys’ fees for the plaintiff's counsel and $40,000 for litigation expenses.“The litigation has resulted... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
Third Third Bancorp and Arlington Video Production in Ohio have asked an New York judge to approve a about $720,000 settlement, following nearly eight years of litigation over allegations of improper banking fees; this figure represents more than 90 percent of the damages and fees class members requested.