California Court of Appeal Upholds Settlement of BofA Class Action

Arne Wagner of Calvo & Clark led the team on behalf of Bank of America that defeated multiple challenges to the settlement of a nationwide class action suit alleging that the Bank had wrongfully disclosed personal information of tens of millions of checking account, credit card and mortgage customers. In rejecting the arguments by objectors that the settlement was unfair and inadequate, the California Court of Appeal upheld the settlement, and affirmed Bank of America’s position in all respects.