Case Number: No. 11-cv-1372

Practice Area: Consumer Protection Lending Practices Borrowers Rights

Case Status: Settled

Settlement Amount: $31 million

Court: United States District Court for the District of Oregon

Berger Montague served as co-lead counsel and obtained a $31 million settlement in this consumer class action settlement in the United States District Court for the District of Oregon. Led by Shanon J. Carson and E. Michelle Drake of Berger Montague, the plaintiffs alleged that Bank of America engaged in a scheme to require certain borrowers to (1) purchase flood insurance at an inflated cost, and (2) purchase flood insurance coverage in excess of the amount required by their mortgage contract or federal law. The case was litigated in the United States District Court for the District of Oregon and captioned Arnett v. Bank of America, No. 11-cv-1372 (D. Or.).

If you believe that a provision of your mortgage contract has been breached and caused you harm, or that you are a victim of consumer fraud, please contact Berger Montague.

About Berger Montague

Berger Montague is a national law firm focusing on complex civil litigation in federal and state courts throughout the United States. For over half a century, Berger Montague has played lead roles in consequential, precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago, Minneapolis, San Diego, San Francisco, Toronto, and Washington, D.C.

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