This morning, the Supreme Court affirmed the Court of Appeal's reversal of a $1 billion verdict in a UCL/CLRA case. Miller v. Bank of America, NT & SA, ___ Cal.4th ___ (Jun. 1, 2009). The opinion contains no particular discussion of any UCL or CLRA issue. Instead, it focuses in on certain provisions of the Financial Code governing fee setoffs by banks, and holds that BofA's practices did not run afoul of those provisions.
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