Bank of America Executives Ordered to Testify in Unprecedented Class Action Over Pandemic-Related Unemployment Claims
San Diego, Calif. — A federal judge has mandated that two high-ranking executives from Bank of America testify in a significant consumer class action concerning the alleged mishandling of unemployment benefit claims during the COVID-19 pandemic. Judge Gonzalo P. Curiel issued the ruling on Wednesday, rejecting the bank’s request for reconsideration. The decision paves the way for CEO Brian Moynihan and former Chief Operating Officer Thomas Montag to answer questions pertaining to possible punitive damages related to the case. This highlights the potential financial repercussions for the bank as the litigation progresses. The case focuses … Read more