Federal Court Refuses to Toss Bank of America Class Action

, The Legal Intelligencer

   | 1 Comments

A federal judge has refused to dismiss a class action suit against Bank of America, its home loan and reinsurance subsidiaries and a number of private mortgage insurers, instead directing the parties to develop a record on the issue of whether the statute of limitations should be equitably tolled based on the plaintiffs' claims that the defendants allegedly engaged in a scheme to use mortgage insurance premiums to fund illegal kickbacks to lenders.

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What's being said

  • Harold Berk

    The picture of Judge Schiller appears to be at least 20 years old.

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