The judgement, though, could hardly be more clear-cut, and will raise serious questions about the BOA's decision to take the argument to CAS. The BOA has already hired David Pannick, one of the country's best known lawyers, to present its case.
Stern, which handled about 70, 000 foreclosure cases in the past year for clients such as CitiGroup, BoA, GMAC, and others, laid off about 560 employees, 70% of its staff.