Amended Complaint — Profiles, Inc. v. Bank of America Corporation (Dkt. 5, D. Md.)

Summary

The Second Amended Class Action Complaint in Profiles, Inc. v. Bank of America Corporation, Civil Action No. 1:20-cv-00894-SAG, U.S. District Court for the District of Maryland, dated April 7, 2020 and filed with the defendants' consent under Fed. R. Civ. P. 15(a)(2). Named Plaintiffs Profiles, Inc., Proline Products, Inc., Diaspora Salon, LLC and Elite Security Group, LLC sue Bank of America Corporation and Bank of America, N.A., on behalf of a class. The complaint alleges the bank first accepted PPP loan applications only from active borrowers, and on April 4, 2020 revised its policy to let depository-only clients apply only if they had no credit card or loan with any other bank. It asserts claims under the CARES Act and 15 U.S.C. § 636(a) and for unjust enrichment, and seeks declaratory and injunctive relief under 28 U.S.C. §§ 2201 and 2202. It is signed by M. Celeste Bruce.

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