Bank of America Facing $50 Billion Lawsuit From Shareholders (BAC)
3 days 18 hours 52 minutes ago - F70 via Comtex
Financial News Network Online - News Corner

Bank of America (BAC) is facing a lawsuit brought by the company shareholders who claim it dialed to disclose the $15 billion in the Merrill Lynch acquisition, according to The New York Times.

The lawsuit, which also says that the company deliberately tried to deceive shareholders, is seeking to close $50 billion.

Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.

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