BofA Can't Escape Investor's Suit Over Pandemic Losses

By Katryna Perera (May 20, 2022, 8:54 PM EDT) -- A District of Columbia federal judge ruled Thursday that Bank of America must face a breach of fiduciary duty claim asserted against it by a customer who says the bank and one of its investment managers sold his assets after they lost value due to the COVID-19 pandemic, resulting in a $2 million loss.

U.S. District Judge Dabney L. Friedrich issued an order denying Bank of America and portfolio manager Matthew Lettinga's motion to dismiss plaintiff Robert Goodrich's breach of fiduciary duty claim. However, she did toss the two other claims asserted — gross negligence and violations of the District of Columbia...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!