Florida judge rejects sanctions against Bank of America [CNBC]
Bank of America Corporation (BAC)
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Source: CNBC
CNBC Bank of America calls Jacobs' allegations baseless. MIAMI — A Miami-Dade County judge on Tuesday turned down requests by a real estate attorney to punish Bank of America over claims of withholding and destroying records. Judge Bronwyn Miller also dismissed the attorney's claims over the bank's purge of 1.8 billion of bank records. The ruling, handed down after a hearing on Monday, did not explain the legal reason for her decision. Miami attorney Bruce Jacobs, representing a couple in a foreclosure case, had sought to get his allegations against Bank of America heard in court. The bank argued his claims were baseless. Jacobs had accused the bank of purging the records while under court-ordered subpoena in another foreclosure case, in an effort, he said, to hide evidence of alleged fraud because the original records may have been altered. The bank responded that the records were copied by an outside firm and returned to the bank. I
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