SFMS Announces The Filing Of A Class Action Complaint Against Bank Of America Corp.

On May 22, 2007, Shepherd, Finkelman, Miller & Shah, LLC and its co-counsel, Murdock, Goldenberg, Schneider & Groh, L.P.A., filed a Class Action Complaint (“Complaint”) in the United States District Court for the District of Connecticut on behalf of their client, Mr. James Scanlon, and members of the proposed Class, against Bank of America Corp. (“Bank of America”), alleging violations of the Connecticut Mortgage Release Act (the “Act”).

The Complaint alleges that Defendant, Bank of America, has consistently failed to comply with its obligations under the Act. Pursuant to the Act, all mortgagees, including Bank of America, must execute and deliver a release of mortgage within sixty (60) days of the date when the mortgage has been satisfied and the mortgagee receives a written request for release of such encumbrance.

The Class consists of all persons from whom or which Bank of America received or receives a written request during the Class Period (May 22, 2001 until the conclusion of this class action) to execute and deliver a release for a mortgage that was satisfied, where Defendant failed or fails to execute and deliver the release to the person within sixty-seven (67) days of receipt of the written request for release of such encumbrance.

Through this action, Plaintiff and the proposed Class seek to obtain, among other things, statutory damages and injunctive relief.

If you have any questions or would like to discuss this case, please e-mail or telephone James E. Miller at
jmiller@sfmslaw.com or 1-866-540-5505