Judge Denies Leave To Amend Complaint In Bank Of America Securities Suit

Judge Denies Leave To Amend Complaint In Bank Of America Securities Suit

NEW YORK - A federal magistrate judge in New York on Feb. 15 rejected lead plaintiffs' motion for leave to file a second amended complaint in a securities class action lawsuit against Bank of America Corp. (BAC) and others, ruling that the lead plaintiffs' new allegations are time-barred and that the additional allegations still fail to state a claim for violation of federal securities law (NECA-IBEW Pension Trust Fund, et al. v. Bank of America Corp., et al., No. 10-0440, S.D. N.Y.; 2013 U.S. Dist. LEXIS 21869).

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