BofA Brass Can't Dodge Investors' Revised Mortgage Claims

Law360, New York (April 18, 2013, 8:55 PM EDT) -- A New York federal judge on Wednesday refused to release five Bank of America Corp. executives from a putative class action alleging they misled investors about problems with the bank's mortgage tracking, denying the officers' motion to dismiss the amended complaint.

In July 2012, U.S. District Judge William H. Pauley III found allegations against the current and former Bank of America executives were insufficiently pled but dismissed them without prejudice, allowing the plaintiffs — institutional investors led by a Pennsylvania public school employee pension fund —...
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