PDA

View Full Version : Judge endorses use of fraud law against Bank of America - Reuters



FraudNews
08-20-2013, 06:11 AM
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEp4vqq2QwnbxlDsxmI8K XBEPakPAamp;url=http://www.reuters.com/article/2013/08/19/us-bankofamerica-fraud-idUSBRE97I0ZX20130819bJudge endorses use of bfraud/b law against Bank of America/b/abr /font size=-1bfont color=#6f6f6fReuters/font/b/fontbr /font size=-1The law has a low burden of proof, strong subpoena power and a 10-year statute of limitations, twice as long as the typical limit for bfraud/b cases. Rarely asserted until recently, it has become the basis of three lawsuits by lawyers under Manhattan U.S b.../b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?ncl=d4HigOyBOkYLxDMamp;ned=en_zanobrb/b/nobr/a/font/div/font/td/tr/table

More... (http://news.google.com/news/url?sa=tfd=Rusg=AFQjCNEp4vqq2QwnbxlDsxmI8KXBEPakPA url=http://www.reuters.com/article/2013/08/19/us-bankofamerica-fraud-idUSBRE97I0ZX20130819)