August 16, 2016 / 7:15 PM / 3 years ago

10th Circuit revives racketeering claims against Bank of America

Bank of America and a Colorado outsourcing firm will have to face a lawsuit accusing them of sabotaging homeowners’ efforts to modify their mortgages, a federal appeals court has ruled.

The decision on Monday by the 10th U.S. Circuit Court of Appeals revives a 2013 proposed class action accusing Bank of America and Urban Settlement Solutions of violating the U.S. Racketeer Influenced and Corrupt Organizations (RICO) Act by conspiring to deny government-sponsored mortgage assistance to thousands of qualified homeowners.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2aYnAqG

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below