San Francisco Set To Pay $1M To Settle BofA Flooding Suit

Law360, Los Angeles (September 30, 2013, 4:42 PM EDT) -- A San Francisco panel is set to vote Tuesday on whether to approve a deal to pay nearly $1 million to end a property damage suit brought by Bank of America N.A. for flooding and water damage in the basement of the bank’s Market Street building.

The City and County of San Francisco is set to approve the settlement, for $975,000, as part of its consent agenda at a Board of Supervisors meeting on Tuesday. The deal would end a three-year lawsuit with the nation’s second-largest...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.