Search Results for: BOA

Bank of America (BOA) announced Wednesday that it has agreed to pay $8.5 billion to settle claims that it sold bad securities contributing to the housing market collapse. The securities, called first-lien residential mortgage-backed securitization,...

A class action settlement for $410 million between Bank of America (BOA) and customers claiming they were illegally charged overdraft fees was preliminarily approved on Monday in federal court. A judge for the US District Court for...

A judge for the US District Court for the Central District of California on Friday dismissed Bank of America (BOA) from a $17 billion lawsuit involving securities based on mortgages issued by Countrywide...

An Italian court in Milan on Monday acquitted four banks charged with failing to have adequate steps to prevent the 2003 Parmalat SpA dairy empire crash. Parmalat collapsed under 14 billion euros in debt...

Bank of America (BOA) 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...

The Superior Court of California County of Los Angeles on Wednesday approved a $6.5 million settlement between the state of California and two former Countrywide Financial Corporation executives accused of predatory lending. The lawsuit alleged...

Twelve plaintiffs on Monday combined to file a lawsuit in the New York State Supreme Court against Countrywide Financial Corporation alleging widespread fraud that resulted in substantial financial losses. The plaintiffs invested hundreds...

The Massachusetts Supreme Judicial Court issued a decision on Friday ruling against banks in two foreclosure cases that could have important implications on similar cases both inside and outside of the state. In the consolidated...

Arizona Attorney General Terry Goddard filed a lawsuit against Bank of America (BOA) on Friday for misleading customers in mortgage modification and foreclosure practices. Specifically, the complaint alleges that BOA violated...

A court in the Italian town of Parma on Thursday convicted the founder and former chief executive of dairy giant Parmalat SpA , Calisto Tanzi , for the company's fraudulent bankruptcy, sentencing him to...