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25 Mar 2011, 6:29 pm by Tomassi Law Associates
Bank of Americas own employees mentioned red flags, knew it was wrong and pointed that out, but Bank of America executives apparently ignored them potentially harming homeowners who came to them for help. [read post]
7 Feb 2011, 5:15 am
Lane in Nye County, Nevada, issued a preliminary ruling that blocks ReconTrust, a Bank of America affiliate, from conducting nonjudicial foreclosures in the state until a hearing can be held in order to determine whether or not the ban should be permanent. [read post]
4 Aug 2009, 2:06 am
Bank of America agreed to pay $33 million on Monday to settle federal charges that it hid from investors plans to pay billions of dollars in bonuses to employees of Merrill Lynch.The SEC accused the firm of misleading shareholders when the bank asked them to approve the deal, which was ultimately concluded under intense federal pressure as Merrill Lynch teetered on the verge of collapse. [read post]
3 Mar 2009, 2:35 pm
Standard & Poor's cut its credit rating on Bank of America to A from A+ on Tuesday afternoon, citing the weak economy and warning that its Merrill Lynch and Countrywide Financial units were likely to continue to weigh on the bank's earnings. [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]
3 Jan 2008, 11:42 am
It’s no secret that Bank of America has been cutting back on its expenses in the wake of its subprime-tied losses. [read post]
2 Dec 2004, 2:15 am
[JURIST] Bank of America announced Thursday that it has asked the US District Court for the Western District of North Carolina to dismiss a lawsuit filed against it by insolvent Italian dairy company Parmalat. [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]
2 Dec 2011, 7:33 am by Texas RioGrande Legal Aid
An Austin woman filed suit Thursday against Bank of America Corp., alleging the company fraudulently sought to foreclose on her home. [read post]
6 Nov 2006, 2:16 pm
In the department of “you’ve gotta see this,” this video clip of a Bank of America executive singing about the bank’s merger with MBNA lands at the top. [read post]
7 Jun 2010, 10:39 am by LindaMBeale
  The money will go to the 200,000 homeowners who had mortgages before the 2008 sale to Bank of America. [read post]
4 Feb 2010, 12:37 pm by Steven Caruso
Bank of America and its officials defrauded the government and the taxpayers at a very difficult time. [read post]
22 Dec 2011, 3:17 am by webmaster
  As part of a recent settlement between the San Francisco City Attorney and a Bank of America subsidiary, the financial institution agreed not to insert mandatory class action waivers into consumer contracts for credit cards. [read post]