Try our Advanced Search for more refined results

United States of America v. Bank of America

  1. April 11, 2014

    DOJ Slams Judge's Suggested Toss Of $885M BofA MBS Case

    The U.S. Department of Justice on Thursday sharply criticized a North Carolina federal magistrate judge for recommending the dismissal of a $855 million mortgage-backed securities fraud suit against Bank of America NA.

  2. March 28, 2014

    BofA Fight Won't Blunt DOJ's Favorite Bank Fraud Weapon

    A federal magistrate judge on Thursday put a Justice Department case against Bank of America Corp. using a fraud statute from the 1980s in peril, but the case's limited scope means the government is not likely to abandon its favorite financial fraud fighting tool, attorneys say.

  3. March 27, 2014

    Judge Looks To Toss $855M MBS Fraud Case Against BofA

    A federal magistrate judge in North Carolina on Thursday recommended that the U.S. Department of Justice's suit accusing Bank of America NA of defrauding investors with the sale of $855 million in mortgage-backed securities be dismissed, a finding that could deal a blow to attempts to crack down on bank fraud.

  4. November 08, 2013

    BofA Says Feds' $850M MBS Fraud Case Falls Short

    Bank of America NA and affiliates on Friday asked a North Carolina federal judge to toss two lawsuits brought against them by the U.S. Department of Justice and the U.S. Securities and Exchange Commission for allegedly defrauding investors with the sale of $850 million in mortgage-backed securities, saying the agencies hadn't stated a claim.

  5. August 07, 2013

    Whistleblower Attys Eye DOJ Fraud Theory For New Bounties

    A 1989 fraud law at the center of recent government actions such as Tuesday's mortgage bond suit against Bank of America Corp. features a little-noticed $1.6 million whistleblower award provision that has the plaintiffs bar abuzz.