BofA Beats Foreclosure, Robosigning Class Action

Law360, New York (April 1, 2013, 3:24 PM EDT) -- A New Jersey federal judge on Monday tossed a putative class action accusing Bank of America Corp. of prematurely initiating foreclosure proceedings and fraudulently signing foreclosure documents, saying the plaintiff hadn’t sufficiently backed up his claims.

U.S. District Judge Katharine S. Hayden sided with Bank of America, saying plaintiff Jose Grullon’s claims that the bank violated New Jersey’s Consumer Fraud Act fell short because Grullon failed to prove the bank foreclosed on his home improperly, or that the "robosigning" of his foreclosure documents constituted fraud....
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