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A Lawsuit Attempts to Ban Outsourcing: Hollow Claim or an Issue with Real Merit?
Making Sense of a New Avenue of Attack on Offshore Services
August 12, 2011 | Nearshore Americas

Loeb & Loeb LLP is noted and Steve Semerdjian is quoted on the class action suit filed against Bank of America Corporation alleging that the transmission of customers' financial data to overseas call centers violated the Fourth Amendment, the Right to Financial Privacy Act and the Consumer Protection Act. Semerdjian provides an interpretation of the filings and the significant ramifications for other financial institutions if the suit is not dismissed.
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