Lieff Cabraser & Co-Counsel Reach $35M Settlement with Bank of America in California Unpaid Mortgage Interest Case

Lieff Cabraser & Co-Counsel Reach $35M Settlement with Bank of America in California Unpaid Mortgage Interest Case

As reported by Law360 (subscription), Bank of America North America has agreed to pay $35 million to settle a borrower class action lawsuit accusing the company of failing to comply with a California law requiring banks to pay interest on mortgage escrow accounts. [Read more…]