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BofA Argues Against Class-Action Loan Modification Suit

Bank of America Corp. asked a federal judge to reject homeowners’ effort to sue the bank over its failure to modify mortgage loans as a class-action case.

The second-biggest U.S. lender by assets today urged U.S. District Judge Rya Zobel in Boston to deny the borrowers’ request to pursue the case as a group, which would give them greater leverage in the litigation.