A Philadelphia judge has refused to dismiss a class action suit accusing Bank of America of engaging in a scheme to use mortgage insurance premiums to fund illegal kickbacks. In his Thursday ruling, the judge directed the parties to develop a record on the issue of whether the statute of limitations should be equitably tolled based on the plaintiffs' claims.
BofA Fails to Kill Suit over Mortgage Insurance Kickback Claims
The Litigation Daily
April 12, 2013
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