BofA Plan Plaintiffs Lose Appeal Of Tossed ERISA Suit

Law360, New York (November 3, 2009, 2:38 PM EST) -- Participants in Bank of America Corp.'s two employee savings plans have lost a bid to appeal the dismissal of claims in their putative class action that accuses plan administrators of breaching their fiduciary duties by heavily investing in mutual funds offered or managed by the bank's own subsidiaries and affiliates.

Chief Judge Robert Conrad Jr. of the U.S. District Court for the Western District of North Carolina on Friday denied the plaintiffs' alternative motions for final judgment on the claims or certification of an interlocutory appeal,...
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