BankA faced renewed claims for a PPP loan from minority shareholders.



Law360 (Aug 5, 2021 7:45 pm ET) – Months after similar claims were lifted, Bank of America NA returned to New Jersey federal court on charges that the financial giant acted with racial bias by refusing to support minority. when distributing loans under the federal business assistance program in the context of the coronavirus outbreak.

After losing the initial lawsuit and then denying the amended complaint, the father and daughter duo behind the companies filed this lawsuit in state courts in June in connection with their efforts to distribute $ 100 million under the federal payroll protection program to minority businesses and women. BoA took off the case to …

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