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In Re Bank of America AIG Disclosure Securities Litigation
Case Number:
1:11-cv-06678
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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November 04, 2013
BofA Beats Claims That It Hid AIG's Impending $10.5B Suit
A New York federal judge on Monday dismissed a shareholder lawsuit alleging Bank of America Corp. should have warned investors prior to American International Group Inc.'s $10.5 billion mortgage-backed securities fraud suit against the bank in August 2011.
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August 30, 2012
BofA Attacks Shareholder Suit Over AIG Litigation
Bank of America on Tuesday asked a New York federal judge to toss a shareholder lawsuit that claims it concealed an impending $10.5 billion American International Group Inc. fraud suit, saying it had provided numerous warnings of the potential for such litigation.