Bank of America’s “heartless” treatment of two California mortgage holders may be a financial boon to five Golden State law schools.
A federal bankruptcy judge last week awarded $45 million in punitive damages and more than $1 million in actual damages to a Sacramento-area couple whose home was wrongfully foreclosed upon. At the same time, the judge directed the bulk of the punitive damages to go to the five law schools housed at University of California campuses as well as a pair of consumer rights legal organizations.
