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Stoody-Broser v. Bank of America, N.A. et al
Case Number:
3:08-cv-02705
See also:
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
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December 16, 2013
BofA Doles Out $8M To End Trust Account Investment Suit
Bank of America Corp. has agreed to pay $8 million to settle a class action claiming it breached its fiduciary duty by investing trustee accounts it administers in the bank's affiliated mutual funds, according to court documents filed Saturday.
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May 11, 2012
BofA On Hook In Trust Account Investment Suit
A federal judge on Thursday refused to dismiss a putative class action claiming Bank of America Corp. breached its fiduciary duty by investing trustee accounts it administers in the bank's affiliated mutual funds, saying the state law claims weren't preempted by federal law.