Cases & Investigations

Citizens Bank Force-Placed Flood Insurance Litigation

CASE NUMBER: 1:11-cv-268 and 1:12-cv-239
CASE STATUS: Settled
SETTLEMENT AMOUNT: $1.5 million
COURT: United States District Court for the District of Rhode Island

Berger Montague, as class counsel, reached a nationwide class action settlement in the United States District Court for the District of Rhode Island. The action alleged that Citizens Bank required certain borrowers to purchase flood insurance in excess of what their mortgage contract and federal law requires. The parties reached a settlement that created a $1.5 million common fund to benefit borrowers in the settlement class.

On October 9, 2014, the Court granted final approval of the settlement of this matter. The following documents are available for download:

Berger Montague’s Predatory Lending and Borrowers’ Rights group vigorously represents homeowners against major banks. To find out about investigations, as well as pending and settled cases, please visit our Predatory Lending and Borrowers’ Rights page.

 

Lead Attorneys

Shanon J. Carson

Managing Shareholder

Associates

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