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Securities and Exchange Commission v. Bank of America, N.A. et al
Case Number:
3:13-cv-00447
Court:
Nature of Suit:
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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June 19, 2014
BofA Loses Bid To Dismiss $850M Fraud Case
A North Carolina federal judge on Thursday refused to toss an $850 million suit accusing Bank of America Corp. and Merrill Lynch of lying to investors about loans in a residential mortgage investment, ruling the complaint has enough facts to establish materiality or negligence.
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March 31, 2014
$850M BofA Fraud Case Should Stay Alive, Judge Says
A North Carolina magistrate judge on Monday recommended the rejection of Bank of America Corp.'s motion to dismiss an $850 million suit in which the U.S. Securities and Exchange Commission says the bank lied to investors about loans in a residential mortgage investment.
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November 08, 2013
BofA Says Feds' $850M MBS Fraud Case Falls Short
Bank of America NA and affiliates on Friday asked a North Carolina federal judge to toss two lawsuits brought against them by the U.S. Department of Justice and the U.S. Securities and Exchange Commission for allegedly defrauding investors with the sale of $850 million in mortgage-backed securities, saying the agencies hadn't stated a claim.
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August 07, 2013
Whistleblower Attys Eye DOJ Fraud Theory For New Bounties
A 1989 fraud law at the center of recent government actions such as Tuesday's mortgage bond suit against Bank of America Corp. features a little-noticed $1.6 million whistleblower award provision that has the plaintiffs bar abuzz.
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August 06, 2013
BofA Defrauded Investors With $850M MBS Sale, Feds Say
Bank of America Corp. and its affiliates were hit Tuesday with parallel civil suits by U.S. government agencies that accuse them of defrauding investors with the sale of $850 million in mortgage-backed securities by, among other things, failing to properly review the loans underlying them.