Bank of America Lawsuits

Bank of America Kept AIG Legal Threat Under Wraps

(Source: Reuters By Lauren Tara LaCapra) – Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was [...]


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Bank Of America Scores A Victory

(Source: Forbes Nathan Vardi) – Bank of America has been besieged by mortgage-backed securities lawsuits, spooking investors who fear the bank’s liability from its Countrywide Financial unit will continue to balloon and overwhelm the bank. The day American International Group [...]


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Buy Bank of America, Buy a Lawsuit

(Source: Seeking Alpha) – I normally go with the flow, but when it comes to the money center banks like Bank of America (BAC), I’m going to take a very contrarian view. Money center banks are wildly popular with both [...]


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State Files Suit Against Bank of America Unit in Foreclosure Mess

Aug. 06 (Source: By Christine Harvey, The Seattle Times) – Washington state has taken on a subsidiary of Bank of America, charging it with illegally foreclosing on thousands of homeowners in the last three years.


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Bank of America Pursues Protection From Lawsuits

(Source: The Washington Post By Cezary Podkul) – Bank of America is pursuing a settlement with state and federal officials that would shield the company from lawsuits over its mortgage practices in exchange for reducing the amount that struggling homeowners [...]


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Bank of America Calls Attention to the Good Things it Does

(Source: North Jersey BY RICHARD NEWMAN) – Bank of America, which has been a lightning rod for criticism and lawsuits amid the nation’s worst-ever home foreclosure crisis, wants to call attention to itself — for a good reason. The country’s [...]


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MBIA to Drop Mortgage Suit Against Bank of America

NEW YORK (Source: The Wall Street Journal BY DAVID BENOIT) — MBIA Inc. agreed to drop a lawsuit against Bank of America Corp. and Merrill Lynch over $5.7 billion in credit default protection the bond insurer underwrote for the bank’s [...]


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NY Judges Order BofA to Face Two Mortgage Lawsuits

(Source: Reuters By Jonathan Stempel) – Two Manhattan federal judges have ordered Bank of America Corp (BAC.N) to face lawsuits accusing the largest U.S. bank of misleading investors about mortgage-backed securities.


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El Paso Woman Suing Bank of America

EL PASO (Source: KTSM By Stephania Jimene) – Earlier this month, we told you about an El Paso woman, who claims she was told by her bank, that she’d qualify for a home loan modification, but was still denied, years [...]


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Utah A.G.’s Office Announces Plans to Sue Bank of America

SALT LAKE CITY (Source: KSL By Mary Richards) — Victims of foreclosure are glad top Utah authorities are now on their side. The attorney general’s office put Bank of America on notice Thursday they plan to sue if the bank [...]


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Class Action Suit Against BofA For Deceptive Loan Mods Goes National

(Source: The Consumerist By Ben Popken) – Olly, olly, oxen, free. A class action lawsuit against Bank of America claiming they were less than above board with their loan modification practices has been certified for national participation.


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