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5 Apr 2004, 7:20 am
In Monday's corporations and securities law news, former Bank of America Corp. broker Theodore Sihpol III, the first person arrested in New York Attorney General Eliot Spitzer's mutual fund probe, has been indicted on 40 counts of fraud, grand larceny, and falsifying statements. [read post]
4 Mar 2010, 11:41 am by Securites Lawprof
Department of the Treasury announced today that it priced a secondary public offering of 150,375,940 warrants to purchase common stock of Bank of America Corporation (the "Company") at $8.35 per warrant and a secondary public offering of 121,792,790... [read post]
29 May 2009, 3:50 pm
Bank of America employees heading down to corporate headquarters in Charlotte, N.C., will soon have a more luxurious place to lay their heads: the bank's very own Ritz-Carlton hotel. [read post]
31 Jul 2014, 5:58 am by Nicholas Tomsho
[JURIST] A federal judge on Wednesday imposed [opinion; pdf] a $1.27 billion penalty on Bank of America [corporate website] after a jury found them liable for mortgage fraud. [read post]
9 Apr 2014, 11:21 am by Daniel Mullen
[JURIST] The Consumer Financial Protection Bureau (CFPB) [official website] on Wednesday ordered [text, PDF] Bank of America [corporate website] to pay $727 million in relief to consumers for its illegal credit card practices. [read post]
3 Aug 2009, 7:51 am
[JURIST] The US Securities and Exchange Commission (SEC) [official website] on Monday charged Bank of America [corporate website] with misleading investors [complaint, PDF] regarding billions of dollars paid to Merrill Lynch [corporate website] executives during the acquisition of the firm. [read post]
17 Mar 2004, 6:39 am
In Wednesday's corporations and securities law news, FleetBoston Financial Corp. and Bank of America Corp. shareholders approved a $47 billion merger that would create the nation's No. 3 bank. [read post]
22 Mar 2012, 12:30 pm
Bank of America has become a notorious symbol of corporate greed criminal acts that spawned one of the greatest recessions in world history - nearly bankrupting American taxpayers and leaving millions facing foreclosures in Miami and across the country. [read post]
15 May 2020, 10:20 am by Tom Smith
Bank of America Corp on Thursday sold a debut $1 billion corporate bond, the first from a global commercial bank with the specific purpose of financing parts of the health industry as it battles the coronavirus pandemic. [read post]
27 Jun 2014, 11:48 am by Ray Frager
Bank of America has named Janet Currie market manager for Baltimore and surrounding areas. [read post]
4 Feb 2010, 11:18 am by Zach Zagger
[JURIST] The New York Office of the Attorney General [official website] on Wednesday filed civil charges [complaint] against Bank of America (BOA) [corporate website], former CEO Ken Lewis, and former CFO Joseph Price, alleging that the bank mislead investors in order to acquire financial firm Merrill Lynch [corporate website]. [read post]
24 Apr 2011, 11:48 am
[JURIST] A judge for the US District Court for the Central District of California [official website] on Friday dismissed [order, PDF] Bank of America (BOA) [corporate website] from a $17 billion lawsuit involving securities based on mortgages issued by Countrywide Financial Corporation [NYT backgrounder], a former subsidiary of the bank. [read post]
8 Feb 2011, 5:02 am
[JURIST] Bank of America (BOA) [corporate website] has reached a $410 million settlement in a class action suit accusing the bank of excessive overdraft fees, according to documents submitted Friday in the US District Court Southern District of Florida [official website]. [read post]
7 Jun 2010, 2:11 pm
California workers from Bank of America Corporation, along with other hourly workers from Florida, Texas, Washington, and Kansas, filed a nationwide class-action wage and hour lawsuit against the company on Friday, in federal court. [read post]
26 Mar 2012, 6:25 am
Bank of America was peppered with poor customer relations, poor products, and the all-too-common-in-corporate-America too big to fail attitude. [read post]
20 Dec 2010, 3:02 pm by Juliana
Because Bank of America is a private corporation, it has the right to stop processing payments that don’t comply with internal policy. [read post]