December 16, 2013
Bank of America Corp. has agreed to pay $8 million to settle a class action claiming it breached its fiduciary duty by investing trustee accounts it administers in the bank's affiliated mutual funds, according to court documents filed Saturday.
May 11, 2012
A federal judge on Thursday refused to dismiss a putative class action claiming Bank of America Corp. breached its fiduciary duty by investing trustee accounts it administers in the bank's affiliated mutual funds, saying the state law claims weren't preempted by federal law.