November 22, 2016
The U.S. Department of Justice has opted not to appeal the Second Circuit's May dismissal of a roughly $1.3 billion penalty against Bank of America for a financial crisis-era mortgage program, as prosecutors did not lodge an appeal by Monday's deadline.
August 22, 2016
The Second Circuit on Monday refused to rehear its decision tossing a roughly $1.3 billion penalty against Bank of America for a financial crisis-era mortgage program, rejecting a request by the U.S. Attorney's Office in Manhattan, which said the ruling overlooked important evidence.
August 04, 2016
The U.S. Attorney's Office in Manhattan asked the Second Circuit on Thursday to reconsider its decision to toss a $1.3 billion penalty against Bank of America for a financial crisis-era mortgage program, arguing that the decision overlooked important evidence.
May 23, 2016
The Second Circuit on Monday threw out a New York district court judge's $1.3 billion penalty against Bank of America over a financial crisis-era mortgage program, determining that the bank can't be held liable for fraud for what may have been an intentional breach of contract.