BofA Wrongful Foreclosure Class Action Gets The Boot

Law360, New York (October 13, 2011, 6:49 PM EDT) -- An Oklahoma federal judge on Thursday tossed a putative class action claiming Bank of America Corp. and two subsidiaries violated consumer protection laws by threatening to foreclose on homes for unpaid mortgage payments despite evidence the homeowners made the payments.

In granting the bank's dismissal motion, U.S. District Judge David L. Russell said the plaintiff homeowners hadn't alleged sufficient facts that would hold Bank of America Corp. and its subsidiary Bank of America NA liable for any alleged misdeeds committed by subsidiary BAC Home Loans Service...
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