PNC Bank Loses Supreme Court Bid to Block Class Suit

The U.S. Supreme Court today turned away PNC Bank’s plea to reconsider the certification of a nationwide class of plaintiffs who claimed the bank helped to disguise a predatory lending scheme (PNC Bank v. Brian W., U.S., 15-cv-00693, cert. denied 2/29/16).

The justices, in a brief order, let stand a July 29, 2015 decision by the U.S. Court of Appeals for the Third Circuit, which upheld a district court’s order that certified a general class and five nationwide subclasses of plaintiffs 16 CLASS 854, 8/14/15, 147 Banking Daily, 7/31/15, See previous story, 07/31/15, 105 BBR 168, 8/3/15, 27 BBLR 1099, 8/6/15.

The plaintiffs variously claimed a Virginia-based bank ...