December 11, 2013
A New York federal judge on Wednesday threw out a fraud suit brought by a Florida investor who accused Bank of America Corp. of material misstatements and omissions concerning its subprime mortgage standards, finding the investor hadn't properly opted out of a related class action.
June 07, 2013
Investors who opted out of Bank of America Corp.'s near-record $2.4 billion class action settlement of Merrill Lynch-related claims have reached an impasse in efforts to negotiate a separate deal with the bank, lawyers told a New York federal judge Friday.
April 05, 2013
A New York federal judge on Friday approved Bank of America Corp.'s landmark $2.4 billion settlement with investors over losses they suffered in the bank's 2008 acquisition of Merrill Lynch & Co.
December 03, 2012
Plaintiffs' attorneys in federal multidistrict litigation over Bank of America Corp. stock losses in the wake of the bank's controversial 2008 acquisition of Merrill Lynch & Co. have asked for fees of $177 million from a previously announced $2.43 billion settlement, according to documents filed in New York federal court Friday.
September 28, 2012
Bank of America Corp. agreed Friday to pay $2.43 billion to resolve federal multidistrict litigation over stock losses in the wake of its controversial 2008 acquisition of Merrill Lynch & Co., the largest settlement ever reached in a derivative action stemming from the financial crisis.
June 20, 2012
Several current and former Bank of America Corp. directors have finalized a $20 million settlement with shareholders in a derivative suit over the bank's 2008 acquisition of Merrill Lynch & Co., a New York federal judge said Wednesday.
June 04, 2012
Wachtell Lipton Rosen & Katz pushed the envelope by allegedly advising Bank of America Corp. to be less than forthcoming with shareholders ahead of the bank's $50 billion acquisition of Merrill Lynch & Co. Inc., potentially putting the law firm at the center of ongoing litigation over the controversial deal, experts say.
February 06, 2012
A New York federal judge on Monday certified a class of investors in a consolidated securities fraud suit against Bank of America Corp. and its directors over the bank's troubled $50 billion acquisition of Merrill Lynch & Co. Inc.
July 29, 2011
A New York federal judge ruled Friday that investors in a consolidated securities class action could bring securities fraud claims against two Bank of America Corp. executives over the bank's troubled $50 billion acquisition of Merrill Lynch & Co. Inc.