Ayad v. Bank of America (as successor to Fleet Bank

Jay Jason Chatarpaul

Practice Area:Lawsuits / Disputes

Outcome:Jury verdict

Description:Jury found that Bank of America, as successor to Fleet Bank, committed an unconscionable commercial practice in violation of the New Jersey Consumer Fraud Act for failing to pay the plaintiffs $27,000 in two CDs and failing to conduct a reasonable inquiry as to the missing CDs when it took over Fleet. Bank of America was liable for reasonable attorneys fees