Wood v. Bank of America , N.A.

CourtDistrict Court, D. Massachusetts
DecidedMarch 24, 2025
Docket1:24-cv-11430
StatusUnknown

This text of Wood v. Bank of America , N.A. (Wood v. Bank of America , N.A.) is published on Counsel Stack Legal Research, covering District Court, D. Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wood v. Bank of America , N.A., (D. Mass. 2025).

Opinion

DISTRICT OF MASSACHUSETTS _________________________________________ ) DAVID WOOD, ) ) Plaintiff, ) ) v. ) Civil Action No. 24-cv-11430-DJC ) ) BANK OF AMERICA, N.A., ) ) Defendant. ) _________________________________________ )

MEMORANDUM AND ORDER

CASPER, J. March 24, 2025 I. Introduction Plaintiff David Wood (“Wood”) has filed this lawsuit against Defendant Bank of America, N.A. (“BANA”) alleging unfair and deceptive practices under Mass. Gen. L. c. 93A, § 2 (“Chapter 93A”) (“Count I”), violation of the Electronic Funds Transfer Act (“EFTA”) under 15 U. S. C. § 1693 (“Count II”), negligence (“Count III”), breach of contract (“Count IV”), breach of the implied covenant of good faith and fair dealing (“Count V”), conversion (“Count VI”), unjust enrichment (“Count VII”) and negligent infliction of emotional distress (“Count VIII”). D. 1-4. BANA has moved to dismiss the complaint pursuant to Fed. R. Civ. P. 12(b)(6). D. 10. For the reasons stated below, the Court ALLOWS the motion to dismiss. D. 10. II. Standard of Review On a motion to dismiss for failure to state a claim upon which relief can be granted pursuant to Fed. R. Civ. P. 12(b)(6), the Court must determine if the facts alleged “plausibly narrate a claim for relief.” Schatz v. Republican State Leadership Comm., 669 F.3d 50, 55 (1st Cir. 2012) (citation inquiry. García-Catalán v. United States, 734 F.3d 100, 103 (1st Cir. 2013). First, the Court must perform a close reading of the claim to distinguish the factual allegations from the conclusory legal allegations contained therein. Id. Factual allegations must be accepted as true, while conclusory

legal conclusions are not entitled credit. Id. Second, the Court must determine whether the factual allegations present a “reasonable inference that the defendant is liable for the conduct alleged.” Haley v. City of Bos., 657 F.3d 39, 46 (1st Cir. 2011) (citation omitted). In sum, the complaint must provide sufficient factual allegations for the Court to find the claim “plausible on its face.” García-Catalán, 734 F.3d at 103 (citation omitted). III. Factual Background The following facts are drawn from Wood’s amended complaint, D. 1-4, and are accepted as true for the purposes of resolving the motion to dismiss. On July 7, 2023, Wood entered into a consulting agreement (the “Agreement”) with

TRADE IBAU GMBH USA LLC (“Trade Ibau”), a limited liability company based in New York. D. 1-4 ¶ 7. Under the Agreement, Wood agreed to purchase computer equipment with his credit cards and ship them to Trade Ibau, which would sell the equipment to third-party buyers abroad. Id. ¶ 8. Trade Ibau agreed to pay Wood a flat monthly consulting fee of $10,400 per month plus 25% of proceeds from the sales. Id. To convince Wood that the Agreement was legitimate, Trade Ibau wired $8,231.00 on July 26, 2023 to pay off an outstanding balance which Wood had on his BANA credit card ending in 6125. Id. ¶ 9. Trade Ibau sent Wood an email confirming that the $8,231.00 had been sent to BANA. Id. ¶ 10. Wood contacted BANA by phone to confirm that there was no outstanding paid off, Wood closed that credit card to ensure the payment could not be retracted by Trade Ibau. Id. ¶ 11. Convinced that his BANA credit card ending in 6125 was closed and that the Agreement

with Trade Ibau was legitimate, Wood made additional purchases using other BANA credit cards. Id. ¶ 12. On July 26, 2023, Wood used a BANA credit card ending in 5014 to purchase and ship four laptop computers to Trade Ibau, costing $7,086.79. Id. ¶ 13. That same day, Wood used the same credit card to purchase computer equipment for Trade Ibau, costing $9,453.57. Id. ¶ 14. On August 2, August 3, and August 8, 2023, Wood used another credit card, one ending in 0208, to purchase and ship computer equipment to Trade Ibau, costing $22,816.84. Id. ¶ 15. On August 7, 2023, Trade Ibau paid Wood a total of $40,501.41 to reimburse him for his credit card expenditures. Id. ¶ 16. On August 10, 2023, Trade Ibau, pursuant to the Agreement, paid Wood the monthly consulting fee of $10,400 and 25% of the sales proceeds ($5,379), totaling

$15,779. Id. ¶ 17. As of August 10, 2023, Trade Ibau had purportedly paid a total of $56,280.41 to Wood’s credit card accounts ending in 0208, 5014 and 6125. Id. ¶¶ 18–19. On August 21, 2023, Wood contacted BANA to confirm that the funds had been credited to his accounts. Id. ¶ 21. As alleged, BANA informed Wood in writing and over the phone that the money was remanded to Trade Ibau per its request. Id. BANA allegedly remanded the funds without notifying Wood and without issuing a suspicious activity report (“SAR”). Id. ¶¶ 22–24.

1 On August 29, 2024, Wood filed an affidavit attaching his T-Mobile phone record as exhibit. D. 13. “In ruling on whether the plaintiff has stated an actionable claim [under Rule 12(b)(6)], the inquiring court must consider only the complaint, documents annexed to it; the court cannot consider affidavits and miscellaneous documents proffered by parties, unless such other materials are fairly incorporated within the complaint or are susceptible to judicial notice.” Bourgeois v. Blue Cross Blue Shield of Massachusetts, 531 F. Supp. 3d 407, 414 (D. Mass. 2021) (emphasis in original), which is not the situation here. Accordingly, the Court has not relied upon the affidavit and attachments in resolving this Rule 12(b)(6) motion, but has assumed the truth of the allegations in the complaint to be true as the Court must do in considering the motion. that BANA return the money it had remanded to Trade Ibau. Id. ¶ 25. Wood also directed BANA’s attention to a July 1, 2023 Better Business Bureau (“BBB”) scam tracker posting which allegedly legitimized Wood’s claims. Id. ¶ 26. As alleged, BANA refused to refund Wood and did not

review the posting. Id. ¶¶ 25–26. IV. Procedural History Wood initially filed this action in Bristol Superior Court on March 4, 2024, D. 1 ¶ 1, and filed an amended complaint on May 28, 2024. Id. ¶ 2. On May 30, 2024, BANA removed the action to this Court. Id. at 1. BANA has now moved to dismiss the complaint. D. 10. The Court heard the parties on the pending motion and took the matter under advisement. D. 14. V. Discussion A. Count I: Unfair and Deceptive Practices (Mass. Gen. L. c. 93A) Chapter 93A prohibits “unfair methods of competition and unfair or deceptive acts or

practices in the conduct of any trade or commerce.” Mass. Gen. L. c. 93A, § 2(a). To state such a claim, “a plaintiff must allege facts sufficient to establish four elements: first, that the defendant has committed an unfair or deceptive act or practice; second, that the unfair or deceptive act or practice occurred ‘in the conduct of any trade or commerce;’ third, that the plaintiff suffered an injury; and fourth, that the defendant’s unfair or deceptive conduct was the cause of the injury.” Rafferty v. Merck & Co., Inc., 479 Mass. 141, 161 (2018) (quoting Mass. Gen. L. c. 93A, § 2(a)); Herman v. Admit One Ticket Agency LLC, 454 Mass. 611, 615–16 (2009)). Here, Wood alleges that BANA had engaged in unfair and deceptive conducts causing him “actual monetary damages” by (1) remanding funds from Wood’s credit card accounts, (2) refusing to return to the

funds to Wood despite having been notified that Trade Ibau’s remand request was fraudulent and (3) representing to Wood that his credit card account ending in 6125 was paid off by Trade Ibau.

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