April 22, 2015
Prudential Insurance Co. has agreed to resolve two suits alleging Bank of America NA, Merrill Lynch & Co. Inc. and others knowingly sold it $2.1 billion worth of "garbage" residential mortgage-backed securities, according to documents filed Wednesday in New Jersey federal court.
February 05, 2015
Bank of America Corp. and its fellow underwriters on Thursday defeated the bulk of Prudential Insurance Co.'s claims in New Jersey federal court alleging the bank sold the insurer $2 billion in fraudulent residential mortgage-backed securities.
April 17, 2014
Most of the claims lodged by Prudential Insurance Co. alleging Bank of America Corp. sold it $2 billion in fraudulent residential mortgage-backed securities survived a motion to dismiss Thursday in New Jersey federal court.
March 18, 2013
The Prudential Insurance Co. of America has accused Bank of America NA and its subsidiaries of fraudulently selling the company more than $2 billion in residential mortgage-backed securities, according to a lawsuit filed Thursday in New Jersey federal court.