Bank of America, $95 million
U.S. ex rel. Szymoniak v. Bank of America, et al.,
District of South Carolina / Western District of North Carolina.
Firm attorneys played a role in a False Claims Act recovery from mortgage servicer Bank of America on behalf of the government. Bank of America and several other major banks paid a total of $95 million to resolve allegations that they had regularly submitted fraudulent mortgage assignments when filing for Federal Housing Administration mortgage insurance. Our lawyers and the whistleblower collaborated with almost half a dozen U.S. Attorney’s Offices to reach the windfall recovery for the government.