JACOBS v. CITIBANK


92 A.D.2d 786 (1983)

Howard L. Jacobs, P. C., et al., Respondents, v. Citibank, N.A., Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

March 8, 1983


Plaintiffs bring this uncertified class action on the theory that the charges imposed by the defendant bank for returning checks issued by them on their accounts for insufficient funds, and for returning third-party checks deposited to their accounts which were dishonored by the drawee bank because of insufficient funds of the drawer are "grossly excessive" and hence, a penalty, in violation of section 1-106 of the Uniform Commercial...

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