The money that's riding on the appeal in a class action against Bank of America is almost unfathomable. A San Francisco judge awarded $284 million in compensatory damages and restitution to the class represented by The Sturdevant Law Firm and the Brandi Law Firm -- plus statutory damages likely to surpass $1 billion. And that's not counting the potential copycat suits that could attack others in the banking industry for seizing money from customer accounts where government benefits get directly deposited.
October 27, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The money that’s riding on the appeal in a class action against Bank of America is almost unfathomable.
Consider the stakes: A San Francisco judge awarded $284 million in compensatory damages and restitution to the class represented by The Sturdevant Law Firm and the Brandi Law Firm — plus statutory damages likely to surpass $1 billion. Not to mention another $12 million or so in interest. And that’s saying nothing of the potential attorney fees.
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