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Bank of America Sued by SEC

  • You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of November 12, 2010 by which all claims must be submitted. The instructions for submitting are included in the Proof and the Notice files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

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Lawsuit Overview

In a ruling that freed Bank of America from some legal problems, a federal judge approved a $150 million settlement with the Securities and Exchange Commission. The settlement stems from the bank’s merger with Merrill Lynch. In the months before the deal closed, Bank of America did not tell its shareholders about Merrill’s bonus payouts or the losses that led to a second government ba...



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