LAWSUITS NEWS & LEGAL INFORMATION
Bank of America 401 Legal News Articles & Interviews
February 11, 2008. By Gordon Gibb.
Read [ Bank of America Subprime Losses: Can 401k Plans Recover? ]
Charlotte, NC Not only do holders of Bank of America 401(k) plans have a reason to worry, given the falling fortunes of a major player in the banking industry, but according to comments attributed to the Bank's chairman and chief executive, things aren't expected to improve anytime soon.
February 2, 2008. By Gordon Gibb.
Charlotte, NC: Bank of America is yet another victim of the slowing US economy and the damaging sub-prime mortgage crisis, prompting the company to undertake a multi-billion-dollar debt write down. Worse, the less-then-stellar performance may have put Bank of America retirement fund investors at risk for reduced Bank of America 401k portfolios, alleging a potential breach of fiduciary duty on the part of the company to undertake prudent investments on behalf of Plan holders.Read [ Bank of America: Income Down 95%, 401k Plans Down? ]