November 29, 2016
Manhattan U.S. District Judge William H. Pauley III said Tuesday that Bank of America's $335 million class action deal with investors alleging the bank misled them about its vulnerability to losses tied to a faulty mortgage-tracking system will have to wait for plaintiffs counsel to justify its $53 million request for fees and expenses.
October 30, 2015
Bank of America Corp. has agreed to pay $335 million to settle a class action accusing it of intentionally misleading investors about widespread issues with its system for keeping track of mortgages, the bank disclosed in a securities filing Friday.
March 24, 2015
The Federal Reserve and the Office of the Comptroller of the Currency urged a New York federal judge Monday not to force Bank of America Corp. to turn over documents in a class action over the bank's mortgage tracking, arguing they are protected by bank examination privilege.
April 18, 2013
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.
August 28, 2012
A New York federal judge on Tuesday refused to reconsider a ruling that Bank of America Corp. must face putative class action claims alleging it intentionally misled investors about widespread issues with its sytem for keeping track of mortgages.
July 11, 2012
A putative class action accusing Bank of America Corp. of misleading investors about problems with its mortgage tracking can go forward, a federal judge ruled Wednesday.
June 21, 2011
A New York federal judge on Monday appointed Barrack Rodos & Bacine as lead counsel in three class actions accusing Bank of America Corp. of hiding the extent of its exposure to Countrywide Financial Corp.'s shady foreclosure and mortgage securitization practices.