When an appeal of a six-figure verdict against Bank of America reached the Connecticut Supreme Court earlier this year, it appeared the case might have widespread implications for the state’s robust financial services sector.
But the case is ending on a technicality because of what the court calls an “inadequate” appellate brief. And so the question of whether it is good public policy to allow financial institutions to use exculpatory clauses to protect them in disputes with customers will have to wait for another day.
