M.D. Penn. · No. 3:26-cv-02993
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| Matter | Type | Practice area | Court | Date | Value |
|---|---|---|---|---|---|
| Truist Banksource ↗ filed by Sanders Law Group · Judge James Martin Munley · No. 3:26-cv-02993 · 15:1681 Fair Credit Reporting Act · view case timeline → Comparable settlements $2.40M–$100M ▾FCRA furnisher claims are frequently narrowed or dismissed, as in Minano v. DLJ Mortgage Capital where most counts failed for lack of private right of action or insufficient pleading; Wallingford v. Sallie Mae similarly failed on the merits at the PI stage, though Askins v. CRST shows disclosure-based FCRA claims can survive on bare statutory injury theory. Comparable settlements $2.40M–$100M median $7.86M · n=10 Equifax $100M · Equifax $30M · Equifax Informatio $30M Per member (realized): ~$250 median · $25–$500 (n=5) Comparable verdict: TransUnion $60M · TransUnion, LLC $40M Key precedent: Minano v. DLJ Mortgage Capital, Inc. — closely analogous FCRA furnisher theory, most claims dismissed, signaling high dismissal risk here. Main risk: Dismissal for lack of private right of action or inadequate pleading of furnisher duties, per Minano v. DLJ Mortgage Capital. This defendant: Truist/SunTrust faced a $240M settlement (Bickerstaff) showing willingness to settle large consumer claims rather than litigate to verdict. Rough EV model (wide — class size is the big unknown, not a prediction): $400K–$33.75M Small, heterogeneous comparable set; class size and per-member figures are rough proxies, not case-specific discovery data. · grounded in 10 rulings, 10 settlements, 2 verdicts | Filing | Consumer Credit (FCRA/FDCPA) | M.D. Penn. | 2026-10-08 | $2.40M–$100M comparable settlements |