Arnett v. Bank of America, N.A.
Sep 18, 2014OUTCOME: $31 million settlement
Represented a class of mortgage borrowers who had been force-placed with flood insurance by Bank of America. The case alleged that Bank of America required borrowers to obtain more flood insurance cove ... rage than was required by their mortgage contract and, if they failed to obtain such coverage, Bank of America would force-placed a policy and receive a kickback from the force-placed insurance company in connection therewith.
