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Hagens Berman Sobol Shapiro LLP Filed Lawsuit For Bank Of America Corp Homeowners Seeking Modifications


Friday, 12 Jul 2013 12:03am EDT 

Hagens Berman Sobol Shapiro LLP announced that it has filed a class action lawsuit alleging that Bank of America Corp. created and headed an illegal enterprise designed to defraud homeowners seeking loan modifications as part of the government's Home Affordable Modification Program, or "HAMP." The complaint, filed in U.S. District Court in Colorado on July 10, alleges that Bank of America masterminded a scheme which allowed it to deny help it had promised to give thousands of its customers in exchange for $45 billion it took in bailout funds. The lawsuit alleges that Bank of America employed contractors, including co-defendant Urban Lending Solutions (Urban), who repeatedly lied to Bank of America's customers. For instance, the suit claims that Urban employees answered the phone, "Bank of America - Office of the President," when they did not work directly for Bank of America. 

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