BoA Had Active Part In Conspiracy, 11th Circ. Hears

Law360, Miami (December 10, 2013, 6:47 PM EST) -- A Florida investor urged the Eleventh Circuit on Tuesday in Miami to toss an injunction he says improperly prevents him from bringing new claims in a state suit alleging Banc of America Securities LLC participated in an investment conspiracy that lost him $15 million.

Salomon Melgen and his investment entity SFM Holdings Ltd. claim that a district court erred when it granted Banc of America's motion in January to block them from bringing a state case against the bank for its role in Melgen's losses in...
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