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Litigation

Mar. 16, 2004

Bank of America Settles Trust Action for $33 Million

Bank of America agreed this month to a $33 million settlement for a class action brought by 2,600 beneficiaries of trust accounts the bank allegedly mishandled.

By Amy K. Spees
        Bank of America agreed this month to a $33 million settlement for a class action brought by 2,600 beneficiaries of trust accounts the bank allegedly mishandled.
        The decade-long dispute has sent a couple of messages, according to Gilmur Murray of Murray & Howard in Oakland, who tried the case for the plaintiffs.
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