Litigation
Jul. 17, 2014
Years later, billion-dollar case gets a new trial with lower stakes
Five years ago, Bank of America Corp. avoided a $1.5 billion verdict in a case accusing the company of misusing government benefits to pay for overdraft fees. The case got a second life Tuesday, but the potential payout is a lot smaller.
Daily Journal Staff Writer
SAN FRANCISCO - Five years ago, Bank of America Corp. avoided a $1 billion verdict on a class action that accused the company of misusing government benefits to pay for overdraft fees. But the case got a second life Tuesday, even if the potential payout is a lot smaller.
The bench trial, which began in front of San Francisco County Superior Court Judge Curtis E.A. Karnow, has lost almost all of its p...
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