- Eric Nyberg
Bank of America Fined $45M For 'Kafkaesque' Foreclosure Nightmare
California Eastern District bankruptcy judge Christopher Klein, in a lengthy and thorough decision, has fined Bank of America Corp. $45 million for intentionally violating automatic stay during a couple’s bankruptcy proceedings, causing them such severe emotional distress that it led to an apparent heart attack, suicide attempt and post-traumatic stress disorder. The decision sets forth in detail the conduct of Bank of America which the judge felt warranted huge fine against Bank of America.
This case is a must read. Part 2 here.