Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC

Judge orders bank to pay $540M to settle lawsuit

NEW YORK — A federal judge ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory assessments for deposit insurance.

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Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC

A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory assessments for deposit insurance.

Bank of America ordered to pay FDIC $540M in risk lawsuit

A judge’s decision, made public Monday, marks the latest development in a yearslong legal fight between the bank and the regulatory agency over the unpaid deposit insurance assessments.

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Judge orders Bank of America to pay $540 million in FDIC lawsuit

(Reuters) – A federal judge ordered Bank of America to pay $540.3 million in a long-running lawsuit by the Federal Deposit Insurance Corp, which accused the bank of underpaying assessments to a federal deposit insurance fund. In a decision made public on Monday, U.S. District Judge Loren AliKhan said the second-largest U.S. bank owes money representing underpaid assessments from the second quarter of 2013 through the end of 2014, plus interest. …