8th Circuit Reverses Dismissal Of Claims Based On Reduced Interest Plan

Mealey's (February 11, 2019, 11:41 AM EST) -- ST. LOUIS — A panel of the Eighth Circuit U.S. Court of Appeals on Feb. 7 partially reversed a summary judgment ruling on claims asserted by a borrower against a bank, holding that the bank failed to show that the statute of frauds barred claims related to an interest reduction payment plan offered in the borrower’s mortgage agreement (John Calon v. Bank of America, N.A., et al., No. 17-3263, 8th Cir., 2019 U.S. App. LEXIS 3778)....