Patricia Arreola et al v. Bank of America National Association et al

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Case overview

Case Number:

2:11-cv-06237

Court:

California Central

Nature of Suit:

Other Fraud

Multi Party Litigation:

Class Action

Judge:

Fernando M. Olguin

Firms

Companies

Sectors & Industries:

  1. April 24, 2014

    $8M Deal Over BofA Ponzi Scheme Approved After Delay

    Bank of America Corp. won approval Thursday of its $8.2 million settlement of a class action alleging it facilitated a $20 million real estate investment Ponzi scheme, when a California federal judge said the concerns about incentive awards that led him to delay approval were resolved.

  2. September 19, 2013

    Incentive Awards Nix $8M BofA Settlement In Ponzi Scheme

    A California federal judge on Thursday delayed signing off on a proposed $8.2 million settlement of a class action alleging Bank of America Corp. facilitated a $20 million real estate investment Ponzi scheme targeting Latinos, saying he was concerned about whether the $5,000 incentive awards to class representatives were justified.