April 02, 2013
The U.S. government on Monday told a New York federal judge that, contrary to Bank of America Corp.'s claims, a federal law under which it could face criminal prosecution could apply to the government's $1 billion False Claims Act civil suit against the bank over junk mortgage loans.
February 28, 2013
An ex-Bank of America Corp. executive on Thursday urged a New York federal judge to drop her from the government's $1 billion False Claims Act suit alleging the bank sold bad mortgages to Fannie Mae and Freddie Mac, claiming the government is seeking a "scapegoat" for its faulty theory.
October 25, 2012
Federal prosecutors could target individual Bank of America Corp. employees in the government's $1 billion False Claims Act suit alleging the bank sold bad mortgages to Fannie Mae and Freddie Mac, an assistant U.S. attorney said Thursday.