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: Bodily Injury BlogBank of America Cleared of Liability in Class Action
By Edward Bills
The California Supreme Court ruled Monday that Bank of America should not have to pay damages resulting from a 2004 jury verdict over fees taken from accounts containing government benefit money. In a unanimous ruling, the high court found that the bank did not violate state law by using normally exempt funds, such as Social Security benefits, to cover fees for the same account. The verdict could have cost the nation's largest bank in excess of $1 billion.
Full post as published by Bodily Injury Blog on June 02, 2009 (boomark / email).
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