litigation
confidence high
sentiment neutral
materiality 0.40
BOK Financial updates on overdraft fee class action; plaintiff seeks Supreme Court review
BOK FINANCIAL CORP
- Plaintiff in Tenth Circuit action filed for 30-day extension to petition Supreme Court over extended overdraft fees.
- Fifth and Tenth Circuits previously affirmed dismissals of class actions alleging fees were impermissible interest.
- Management, per counsel, says certiorari grant is unlikely; if granted, a loss is not probable.
- Previously reported in Form 10-Q filed August 3, 2022, Footnote 6.