WASHINGTON — A federal court in Washington, D.C., granted the Federal Deposit Insurance Corporation’s motion to strike two experts’ reports in its case against Bank of America, which allegedly illegally reduced its FDIC insurance premiums by $1.12 billion between 2012 and 2014. The experts are qualified, but their opinions took on the role of the court in drawing legal conclusions and interpreting regulations, and the role of the jury in drawing factual conclusions.
Read the ruling here.
Read prior coverage of this suit here.
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