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Patricia Arreola et al v. Bank of America National Association et al
Case Number:
2:11-cv-06237
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 24, 2014
$8M Deal Over BofA Ponzi Scheme Approved After Delay
Bank of America Corp. won approval Thursday of its $8.2 million settlement of a class action alleging it facilitated a $20 million real estate investment Ponzi scheme, when a California federal judge said the concerns about incentive awards that led him to delay approval were resolved.
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September 19, 2013
Incentive Awards Nix $8M BofA Settlement In Ponzi Scheme
A California federal judge on Thursday delayed signing off on a proposed $8.2 million settlement of a class action alleging Bank of America Corp. facilitated a $20 million real estate investment Ponzi scheme targeting Latinos, saying he was concerned about whether the $5,000 incentive awards to class representatives were justified.