Bank of America, US Bank, Key Bank Bond Obligations Complaint

February 7, 2020

When a business acquires another entity and its assets, it’s common for it to take on its obligations as well. However, the complaint for this class action alleges that Bank of America, NA, US Bank, NA, and KeyCorp, of Key Bank, are not honoring the time deposit investments issued to customers by their predecessors, Rainier Bank and Seattle-First Bank.

Case Event File: successor_banks_refusal_to_honor_bonds_compl.pdf

Related to: Bank of America, US Bank, Key Bank Bond Obligations Class Action