Saturday , 28 November 2020

Bank of America Asks for Removal of $1.27 Billion Penalty, Accuses Judge of Impartiality

By Brian Honea

Bank of America was ordered to pay a $1.27 billion civil penalty in July 2014 as a result of its alleged role in the Hustle case. The bank has been fighting to overturn that verdict since, claiming that the Hustle program ended prior to its July 2008 acquisition of Countrywide. Rakoff rejected a motion by the bank to have the verdict reversed in early February. He also rejected the bank’s motion for a new trial at that time.

The post Bank of America Asks for Removal of $1.27 Billion Penalty, Accuses Judge of Impartiality appeared first on DSNews.

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