Its not like American needs another billion dollars, right?

In 2014, a federal judge ruled in the case that Bank of America should pay $1.27 billion in civil penalties and that former Countrywide executive Rebecca Mairone should pay $1 million after a jury’s findings of fraud against the bank and Mairone.  However, a three-judge panel of the 2nd Circuit appeals court overturned the jury’s findings and tossed out the penalties. 


The Department of Justice had until Monday to ask the U.S. Supreme Court to take up our appeal - instead, they quietly let it fizzle out.

Read more here:

Feds allow high-profile case against Bank of America to quietly fizzle out


Recent Posts