As reported by Law360, our class-action complaint alleges that Bank of America overcharged the trust of which Weinraub is a beneficiary by vastly overpaying for property insurance on the house his father left in the trust. Because the bank bought insurance through a “master trust policy,” it has harmed its other trust clients in the same way. The complaint thus seeks relief on behalf of the beneficiaries of those trusts in the United States as well.
