Holmes v. Bank of America, N.A.
Berger Montague, as class counsel, reached a nationwide class action settlement in the United States District Court for the Western District of North Carolina. The action alleged that Bank of America required certain borrowers to purchase wind insurance at an inflated cost. The parties reached a settlement that created a $5.05 million common fund to benefit borrowers in the settlement class.
On January 14, 2015, the Court granted final approval of the settlement of this matter.
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.