$20M windfall for UC law schools in wrongful foreclosure suit shrinks to $150K

A federal judge has vacated a punitive damages award against Bank of America that gave $ 20 million to the University of California's five law schools in a wrongful foreclosure case. The five law schools will now receive $ 150,000 as a result of a bank settlement with the plaintiffs, Erik and Renee Sundquist, the Recorder reports.

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