Bank of America Securities Class Action Settlement
You are a class member if you purchased or acquired either BoA’s common stock or Common Equivalent Securities during the Class Period of February 27, 2009 through October 19, 2010, and who suffered damages as a result.
Valid claims will receive a pro rata portion of the pool
Proof of Purchase
Pennsylvania Public School Employees’ Retirement System, individually and on behalf of all other similarly situated v. Bank of America Corporation et al.No. 11-CV-00733-WHPDistrict Court of the Southern District of New York
According to the lawsuit the Defendants violated Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 (the “Securities Act”) and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) when they misrepresented and concealed the magnitude of the Company’s potential exposure to demands to repurchase mortgage-backed securities and other mortgage loans that had been sold by BoA and Countrywide Financial Corporation
The defendants deny liability but agree to settle