8th Circ. Pans 'Show-Me-The-Note' Suit Against BofA, Law Firm

Law360, New York (August 27, 2012, 11:25 PM EDT) -- The Eighth Circuit on Monday affirmed a lower court's dismissal of a proposed class action accusing Bank of America NA and a Minnesota law firm of wrongfully foreclosing on client homes, calling out the lead plaintiffs for their formulaic and potentially "frivolous" claims.

In a published opinion, a three-judge panel ruled that a Minnesota federal judge had properly tossed William and Mary Butler's suit accusing Bank of America predecessor BAC Home Loan Servicing and Peterson Fram & Bergman PA of using unenforceable mortgages to repossess customer...
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