Bank of America Complaint - CLASS ACTION FOR TRUST MISMANAGMENT BY BOFA
NEW YORK, NEW YORK -- In 2003, Bank of America cut my elderly mother off from her Trust for reasons I now know were unsubstantiated and untrue. In fact, one of the reasons BofA cited was that she was better off on Medicaid, which would have forced her into a state run nursing home. Over the next 3 years, they refused any attempt to remedy the situation leaving my mother destitute until her death in 2006. At the same time, her Trust was accumulating money and BofA was taking fees. During that time I was helpless because no lawyer would take a case against such a powerful institution without a huge retainer ($30,000-$50,000). After my mother's death, BofA tried to take thousands of dollars in additional fees to close the Trust and walk away. Out of grief and frustration, I began to fight them Pro Se until a law firm came along that was well aware of BofA's bad history and agreed to take the case. This was nothing short of a miracle. We are currently suing Bank of America in a class action suit for failure to fulfill their fiduciary duty and mismanagment. If you believe you have had similar problems with Bank of America for mismanagement of a trust, investments or pensions, you may be able to help our case and get representation for your case. Bank of America relies on bullying tactics to keep these cases out of court. Let's stop Bank of America and its shareholders from making money on pain and suffering. Post a response to this review or e-mail me at firstname.lastname@example.org. Note: In response to many concerned e-mails: my case is not part of the class action suit. The lawyers filed the class action because they believe there are dozens of other victims with no way to get satisfaction. Hopefully, all the hard work necessary to win my mother's case won't go to waste.
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