Complex Commercial
Podhurst Orseck Files Suit Against Bank of America Over Trust Insurance Costs
2025 – Podhurst Orseck has filed a lawsuit alleging that Bank of America overcharged the trust of which their client, Weinraub, is a beneficiary, resulting in significant financial harm.
The complaint asserts that Bank of America purchased property insurance for the trust through a “master trust policy” at inflated costs, thereby impacting Weinraub and other similarly situated beneficiaries. Podhurst Orseck attorneys allege that this practice was exploitative and seeks to hold the bank accountable for the financial losses suffered by the trust’s beneficiaries.
This litigation underscores the firm’s commitment to safeguarding clients’ rights in complex financial and fiduciary matters, seeking remedies for improper management and overcharges by large financial institutions.
Additional reporting on this matter can be found in Law360.