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Bank of America Corporation BAC Securities Stock Fraud

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Company: Bank of America Corporation
Ticker Symbol: BAC
Class Period: Jul-1-08 to Oct-19-10
Date Filed: Mar-22-11
Lead Plaintiff Deadline: May-21-11
Court: Southern District of New York
Allegations:
Miami, FL: A securities class action lawsuit was filed on March 22, 2011 in the United States District Court for the Southern District of New York on behalf of purchasers of Bank of America Corporation ("BAC") (NYSE: BAC) common stock during the period between July 1, 2008 and October 19, 2010, inclusive (the "Class Period").

This action seeks damages for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated there under. The defendants are BAC, individually and as successor-in-interest to Countrywide Financial Corporation, Brian T. Moynihan, Charles H. Noski, Kenneth D. Lewis, and Joseph L. Price (collectively, "Defendants"). Prior to its acquisition by BAC, Countrywide was one of the world's largest residential mortgage lenders. As has now been widely reported, Countrywide's mortgage lending and servicing practices were rife with fraud, predatory tactics, and other misconduct. This action alleges that BAC adopted these practices and concealed material information and made false and misleading statements concerning the same, which artificially inflated the price of BAC stock until the truth was revealed.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Bank of America Corporation BAC Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Bank of America Corporation securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

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