Pandemic Darlings The pandemic economy, in original documents
Home Court filings Bofa Ca Unemployment In re: Bank of America California Unemployment Benefits Litigation — S.D. Cal., No. 21-md-02992 14Y — In re Bank of America California Unemployment Benefits Litigation (Dkt. 591-61, S.D. Cal. No. 3:21-md-02992)

Court filing

14Y — In re Bank of America California Unemployment Benefits Litigation (Dkt. 591-61, S.D. Cal. No. 3:21-md-02992)

Filed October 17, 2025 in In re Bank of America California Unemployment Benefits Litigation; one of 1415 filings from this case.

Record facts

CourtU.S. District Court for the Southern District of California
Filed2025-10-17

U.S. District Court for the Southern District of California · No. 3:21-md-02992-GPC-MSB · Doc. 591-61 · 2025-10-17 · Docket on CourtListener

Full text

DX 14.Y 
REDACTED VERSION OF 
DOCUMENT SOUGHT TO 
BE SEALED PURSUANT TO 
STIPULATED 
PROTECTIVE ORDER 
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42283 
Page 1 of 26

Videotaped Deposition of
Teresa Pesce
May 08, 2025
In Re Bank of America CA Unemployment Benefits Litigation
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42284 
Page 2 of 26

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF CALIFORNIA
----------------------------------------X
IN RE BANK OF AMERICA
CALIFORNIA UNEMPLOYMENT
BENEFITS LITIGATION,
     Case No. 3:21-md-02992-GPC-MSB
-----------------------------------------X
              May 8, 2025
              10:10 1.m.
 AN IN PERSON VIDEOTAPED DEPOSITION of
TERESA PESCE, an Expert herein, taken by
the respective parties, pursuant to Order,
before Larin Kaywood, a Notary Public for
and within the State of New York.
Job No.: 10163118
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
  
2
3
  
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 1
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42285 
Page 3 of 26

both.
   Q.   No.
No.
That's P1.
   A.   Oh, okay.
You're only -- so
you're only handing me P1.
You're not
handing me both right now.
   Q.   And here's P2.
   A.   Okay, thank you.
   Q.   Do you recognize Exhibits 1 and
2?
   A.   I do.
   Q.   And what are they?
   A.   They are my report and my
rebuttal report.
   Q.   And do these two exhibits
contain the opinions that you are providing
in this case?
   A.   They do.
   Q.   Do you have any opinions in
this case that are not contained in
Exhibits 1 and 2?
   A.   I do not.
   Q.   All right.
Let's talk about
terminology.
      I will generally use the word
EFTA --
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 11
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42286 
Page 4 of 26

  
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 51
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42287 
Page 5 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 52
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42288 
Page 6 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 53
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42289 
Page 7 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 55
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42290 
Page 8 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 56
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42291 
Page 9 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 61
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42292 
Page 10 of 26

  
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 73
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42293 
Page 11 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 76
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42294 
Page 12 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 77
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42295 
Page 13 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 120
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42296 
Page 14 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 142
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42297 
Page 15 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 165
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42298 
Page 16 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 166
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42299 
Page 17 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 169
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42300 
Page 18 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 170
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42301 
Page 19 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 204
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42302 
Page 20 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 255
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42303 
Page 21 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 256
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42304 
Page 22 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 302
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42305 
Page 23 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 303
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42306 
Page 24 of 26

Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 304
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42307 
Page 25 of 26

     C E R T I F I C A T E
STATE OF NEW YORK)
           :ss
COUNTY OF SUFFOLK
)
   I, LARIN KAYWOOD, a Notary Public
within and for the State of New York, do
hereby certify:
   That the witness whose examination is
hereinbefore set forth was duly sworn and
that such an examination is a true record
of the testimony given by such a witness.
   I further certify that I am not
related to any of these parties to this
action by blood or marriage, and that I am
not in any way interested in the outcome of
this matter.
   IN WITNESS WHEREOF, I have hereunto
set my hand this 8th day of May, 2025.
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Teresa Pesce
In Re Bank of America CA Unemployment Benefits Litigation
www.aptusCR.com
Page 327
Case 3:21-md-02992-GPC-MSB     Document 591-61     Filed 10/17/25     PageID.42308 
Page 26 of 26

File and source

File
gov.uscourts.casd.709615.591.61.pdf
Size
239,767 bytes
SHA-256
2216214981f12e70a82883825c5494fb0197a7a7ba7494b4405b1cfd7516493b
Our copy
gov.uscourts.casd.709615.591.61.pdf
Original
PACER (login required)
Back to top