This is a routine collection judgment with no read-through for BAC. Monitor for any unusual increase in commercial loan defaults in BAC's quarterly filings, but this single case has no standalone trading relevance.
Price Chart
Executive Summary
Bank of America obtained a final judgment for $7.14M in damages against Ztar Mobile and Kevin Haddad, and the court awarded an additional $110,667 in attorneys' fees and $4,920 in costs. This is a routine commercial loan collection case with no material financial impact on BAC, which has a market cap exceeding $300B.
Court Ruling Details
Key Facts
- Final judgment of $7,141,290.14 entered against Ztar Mobile and Kevin Haddad on November 6, 2025
- Court awarded BANA $110,667.30 in attorneys' fees and $4,920.08 in costs on August 27, 2026
- Case involves enforcement of a 2019 loan agreement and personal guaranty
- Total recovery of ~$7.26M is immaterial relative to BAC's market capitalization
Financial Impact
Total recovery of approximately $7.26 million — immaterial for Bank of America
Risk Factors
- No material risk — the defendants are a small private company and individual, not publicly traded
Investment Themes
Documents Analyzed
This report is based on 1 court opinion.
| Document | Accession Number |
|---|---|
| COURT-RULING Data (Synthetic) | court-9d80e3246e-BAC |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $50.52 | awaiting T+20 | — | $50.68 (+0.32%) |
Oct 22, 2026 5d ago | 424B5 | $51.08 | awaiting T+20 | — | $50.68 (−0.78%) |
Oct 22, 2026 5d ago | Court Ruling | $50.56 | awaiting T+20 | — | $50.68 (−0.24%) |
Oct 21, 2026 6d ago | 8-K | $51.08 | awaiting T+20 | — | $50.68 (−0.78%) |
Oct 21, 2026 6d ago | Court Ruling | $51.08 | awaiting T+20 | — | $50.68 (−0.78%) |
Oct 19, 2026 8d ago | 424B5 | $50.39 | awaiting T+20 | — | $50.68 (+0.58%) |
Oct 16, 2026 10d ago | Institutional Cluster | $50.38 | awaiting T+20 | — | $50.68 (+0.60%) |
Oct 15, 2026 12d ago | ANALYST-UPGRADE | $51.70 | awaiting T+20 | — | $50.68 (−1.97%) |
Oct 15, 2026 12d ago | Court Ruling | $51.23 | awaiting T+20 | — | $50.68 (−1.07%) |
Oct 14, 2026 13d ago | 8-K | $51.39 | awaiting T+20 | — | $50.68 (+1.38%) |
US Market Status
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