The bank sets compensation terms for losses
Lianna Saribekyan’s Bank of America deposit was emptied because the branch was closing in 2012, She lost $24,000 in jewels and rare coins. Saribekyan sued and won $4.5 million but ultimately had to settle for $150,000 in appeals. Ultimately, the court sided with BoA, which pointed out that the terms allowed for just 10 times the annual rent of the box as compensation for losses.
