Bank of America lawsuit over AIG disclosure dismissed

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Sued by Bank of America? Many original creditors do not file lawsuits or they sell their accounts to a debt buyer. Bank of America has historically kept their own accounts and pursued them by filing collection lawsuits. Bank of America will rely on witness testimony in a "business record affidavit" when trying to prove their case against you.

The dismissal follows a May 7 decision by U.S. District Judge Mariana Pfaelzer in Los Angeles that AIG did not assign $7.3 billion of those claims, which are part of a fraud lawsuit. between Bank.

The class action lawsuit that alleged Bank of America violated the Fair Credit Reporting Act (FCRA) by obtaining illegal background checks on applicants has been dismissed. Judge Consuelo B. Marshall found that the applicants had in fact signed a "clear and conspicuous" form authorizing Bank of America to run a consumer report on them.

business model and failing to disclose the company's inadequate mortgage underwriting.. rulings have dismissed claims for 85% of the RMBS that had initially been included. tied to its own lawsuit against Bank of America' and that AIG was.

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NEW YORK (Reuters) – Bank of America Corp has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a $10 billion fraud case brought by American International.

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The disclosures of the extent of the bribes and corruption and their impact on the. The case against american international group, Inc. (“AIG”) was based upon. banks, as a result of which the additional defendant was not dismissed and the.

Bank of America seeks end to lawsuit tied to AIG case. "The extensiveness of the litigation risk disclosures that B of A did make, the lack of any obvious duty to disclose more, and the fact that it was already widely reported that AIG was considering suing B of A – all undermine any inference of recklessness," the bank said in the filing.

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