August 06, 2024
An investor vying to hold Bank of America liable for losses he sustained at the height of the COVID-19 pandemic told the D.C. Circuit that a trial court judge prematurely tossed his suit claiming that the bank failed to explain the risks of cashing out his investments.
January 31, 2024
A Washington, D.C., federal judge has ended an investor's lawsuit seeking to hold Bank of America liable for economic losses he sustained at the height of the COVID-19 pandemic, saying the investor had again failed to show that the bank deceived him or failed to advise him of risks associated with cashing out.
May 11, 2023
An investor on Thursday slammed Bank of America's bid to toss his amended case seeking to hold the financial giant liable for economic losses he sustained at the height of the COVID-19 pandemic, doubling down on his argument that it failed to fully apprise him of the ramifications of cashing out his investments.
May 02, 2023
Bank of America has asked a Washington, D.C., federal judge to quash a lawsuit accusing the bank of selling an investor's assets without his consent during the COVID-19 pandemic, saying that discovery has proven the investor explicitly told bank employees to sell his assets despite their advice otherwise.
May 20, 2022
A District of Columbia federal judge ruled Thursday that Bank of America must face a breach of fiduciary duty claim asserted against it by a customer who says the bank and one of its investment managers sold his assets after they lost value due to the COVID-19 pandemic, resulting in a $2 million loss.