Try our Advanced Search for more refined results

Tutor Perini Corporation v. Banc of America Securities LLC et al

  1. June 06, 2017

    BofA Pays $37M To End Tutor Perini Securities Row

    A Bank of America Corp. unit paid $37 million to Tutor Perini Corp. to settle a suit alleging the bank's securities unit sold the construction company auction-rate securities without warning the market was likely headed for a crash, according to filings in Massachusetts federal court Tuesday.

  2. March 22, 2017

    Tutor Looks To Keep $100M ARS Suit Alive

    Tutor Perini Corp. has urged a Massachusetts federal judge not to toss a revived $100 million suit alleging that a Bank of America unit knowingly pushed auction-rate securities on the construction company despite the market's imminent collapse in 2008, saying it has shown ample evidence of the unit's knowledge. 

  3. August 12, 2015

    BofA Beats $100M ARS Investments Suit

    A Massachusetts federal judge said Wednesday that Banc of America Securities LLC or Bank of America NA sufficiently warned a California construction company of the risks inherent in auction-rate securities, finding the broker-dealer was not to blame for the investor's nearly $100 million loss when the ARS market collapsed in 2008. 

  4. July 18, 2013

    BofA Dodges Conspiracy, Contract Claims In $100M ARS Suit

    A Massachusetts federal judge on Wednesday recommended trimming several claims from a suit accusing two Bank of America Corp. units of misrepresenting auction-rate securities and leaving a construction company holding nearly $100 million in illiquid ARS, saying the claims were not plausibly backed by evidence.

  5. August 21, 2012

    BofA Wants Suit Over $100M In Frozen ARS Investments Nixed

    Bank of America Corp. cannot be blamed by a construction company for nearly $100 million in losses on investments in auction-rate securities, with the bank arguing Monday that the global financial crisis, not broker-dealer fraud, is to blame for the disaster.