2 Claims Survive In $252M BofA Stock Transfer Suit

Law360, New York (April 21, 2009, 12:00 AM EDT) -- A federal judge has allowed breach of contract and aiding and abetting fraud charges to stand against Bank of America Corp. in a $252 million lawsuit brought by an insurance software company alleging that the bank signed off on fraudulent stock transfers.

In an order signed Friday, Judge Frederick J. Martone of the U.S. District Court for the District of Arizona ruled that six of the claims brought by Premier Information Management Inc. were time-barred.

Judge Martone also ruled that Premier could not bring claims against...
To view the full article, register now.