This Tuesday, Jan. 14, 2014 file photo shows a Bank of America sign in Philadelphia. (AP Photo/Matt Rourke, File)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The U.S. government has asked a federal appeals court to reconsider its decision to overturn a $1.27 billion penalty against Bank of America Corp and a jury verdict finding it liable for mortgage fraud leading up to the 2008 financial crisis.Manhattan U.S. Attorney Preet Bharara's office petitioned a three-judge panel of the 2nd U.S. Circuit Court of Appeals in New York on Thursday to rehear the case, asking it to at least give the government an opportunity to seek a new trial.Following the verdict, U.S. District Judge Jed Rakoff in 2014 imposed a $1.27 billion penalty on Bank of America and ordered Mairone to pay $1 million.
FOLLOW THIS ARTICLE