Force-Placed Insurance Action Against BofA Trimmed By Judge

Law360, Los Angeles (January 23, 2014, 10:21 PM ET) -- A California federal judge on Thursday trimmed a class action against Bank of America NA and insurance providers over so-called force-placed insurance policies, saying a choice of law clause in their contract with mortgage borrowers warranted the dismissal of a state law claim.

Partially granting the defendants' motions to dismiss, U.S. District Judge Josephine L. Staton determined that the mortgage loan contracts are governed by the law of the jurisdiction where a property is situated — New Mexico, in the case of plaintiff Robin Vitek —...
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