Litigation

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Bank Of America To Pay $2.43 Billion To Settle Securities Class Action Lawsuit
Posted on 1 Oct 2012 by Timothy Raub

NEW YORK - In what is being called the largest settlement of a credit-crisis-related securities class action lawsuit, Bank of America Corp. (BoA) has agreed to a $2.43 billion settlement on claims that it and certain of its executive officers and directors... Read More

Merrill Lynch/Bank of America Subprime-Related 'Double Derivative' Lawsuits Dismissed
Posted on 31 Mar 2011 by Kevin M. LaCroix

In a March 29, 2011 order ( here ), Southern District of New York Judge Jed Rakoff granted the defendants' motions to dismiss a pair of subprime-related derivative lawsuits that had been brought against certain directors and officers of Merrill Lynch... Read More

Bank Of America To Pay $410M In Overdraft Fee Case
Posted on 7 Feb 2011 by LexisNexis Litigation Resource Community Staff

(AP) Bank of America has agreed to pay $410 million to settle a federal lawsuit alleging the bank charged excessive overdraft fees. The suit is one of several filed against several banks from plaintiffs in 14 states, which were consolidated in a federal... Read More