BofA Can't Escape Reinsurance Pay-To-Play Class Action

Law360, New York (April 11, 2013, 6:33 PM EDT) -- A Pennsylvania federal judge on Thursday refused to cut Bank of America NA from a proposed class action alleging it reaped millions of dollars in illegal referrals from private mortgage insurers, saying the court needs more evidence to determine if the suit is time-barred.

Bank of America argued that the suit, which was filed in 2012 under the Real Estate Settlement Procedures Act, missed the statute's one-year statute of limitations period because the suit's claims started running in 2005 and 2007. But U.S. District Judge Berle...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

RIDDLE v. BANK OF AMERICA CORPORATION et al


Case Number

2:12-cv-01740

Court

Pennsylvania Eastern

Nature of Suit

Real Property: Other

Judge

BERLE M. SCHILLER

Date Filed

April 5, 2012


Case Title

MANNERS et al v. FIFTH THIRD BANK et al


Case Number

2:12-cv-00442

Court

Pennsylvania Western

Nature of Suit

Real Property: Other

Judge

Mark R. Hornak

Date Filed

April 6, 2012

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.