“Bank of America totally shirked their responsibilities because they didn’t confirm what they were supposed to be confirming, they didn’t follow the guidelines,” claimed Christina Pierson, partner at Kelley Uustal in Fort Lauderdale.
February 24, 2023 at 06:15 PM
4 minute read
What You Need to Know
- Bank of America was the second largest private originator of around $35 billion in PPP loans.
- Class action seeks to recover money from business loans owners thought were forgivable.
- Florida firm says Bank of America misled small businesses participating in the federal Paycheck Protection Program.
- California suit will hopefully lead to help for Floridians.
A South Florida law firm is taking another swing at Bank of America.
And if it is as successful as it was last time, it says this outcome could be substantially more than the $66.6 million settlement it obtained in the last class action against the banking giant.
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