LAWSUITS NEWS & LEGAL INFORMATION
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Sort by date 1,812 pages found matching bank of america- Sony Computer Entertainment America Inc. Announce Recall of 800,000 AC Adaptors Sold with Slim Version PlayStation® 2 Systems
On September 13, 2005 Sony Computer Entertainment America Inc., of Foster City, California announced a voluntary recall of about 843,000 AC Adaptors sold with slim version PlayStation® 2 Systems. The recalled AC adaptors can overheat and melt posing the risk of fire, burn and shock injuries to consumers. Sony Computer Entertainment America states... - Force-Placed Insurance and Bank Lawsuit
anks, lenders and loan service providers face force-placed insurance lawsuits alleging their force-placed insurance pushes already financially-burdened home owners into greater financial crisis, putting them at risk of foreclosure. Furthermore, allegations have been made that force-placed home insurance is much more costly than traditional home insuran... - Bank of America Will Pay $165 Million to Settle Securities Complaints
Apr-18-13 Charlotte, NC Bank of America will reportedly pay $165 million dollars to settle securities claims related to mortgage-backed securities. The bank’s subsidiaries were alleged to have misrepresented the risks associated with the mortgaged-backed securities, costing the plaintiffs - credit unions - massive losses. The settlement was agreed to befor... - $600M Countrywide Securities Settlement Approved
Los Angeles, CA: A federal judge has approved a $601.5 million settlement of a class-action suit against Countrywide Financial Corp. The settlement is reportedly one of the largest class-action settlements stemming from the subprime mortgage crisis. Filed in 2007, the suit alleged that Countrywide, now part of Bank of America Corp., misled investor... - Wall Street Fraud Cleanup Goes On…
Sep-7-09 Coral Gables, FL Wall Street gone wonky has left an endless trail of victims separated from their hard earned savings by reckless and grasping investment dealers . Many of those victims are retired Americans living in the state of Florida where attorney Ben Fernandez and his colleagues at Tramont Guerra & Nunez are working on behalf of clients that... - Bank of America Settles Merrill Lynch Class Action for $150 Million
A class-action lawsuit brought against the former Merrill Lynch & Co., which was purchased by Bank of America early in 2009, will reportedly be settled for $150 million. Bank of America has agreed to pay the settlement to end the suit, which was brought by 2 Louisiana pension funds. The suit alleged that Merrill Lynch provided false and deliberately mis... - Force-Placed Insurance Lawsuit Seeks Class-Action Status
Aug-26-13 Encino, CA A force-placed insurance lawsuit filed against Bank of America seeks class-action status. The lawsuit, filed in California in 2012 by Christopher Gustafson, alleges Bank of America provided force-placed insurance from its own affiliates at a high cost to the borrower while receiving fees, payments or commissions from force-placed insurance p... - Did Stockbroker Mismanagement Lead to Investor's Death?
Apr-7-11 Boston, MA An alleged case of stockbroker misrepresentation will be going to arbitration, despite attempts by the family of a deceased investor to have the case tried in the courts of law. The Boston Globe reported on March 16 that stockbroker arbitration is the routine method for dealing with complaints over investment losses. This particular case i... - Virgin, Alaska Air Workers to Receive Almost $31M in California Wages Lawsuit
Mar-9-23 San Francisco, CA A wage and hour class action lawsuit filed almost a decade ago by Virgin America and Alaska Airlines flight attendants has resulted in a a $31 million judgment plus interest against Virgin America Inc. and Alaska Airlines Inc. The workers accused Virgin and Alaska of several California labor law violations, including failure to pay all... - Forced Arbitration Threatens Class Action Excessive Overdraft Fees Lawsuits
Jul-18-19 Washington, DC JPMorgan Chase, the country’s largest bank, is moving to require credit card customers, and by extension, checking account customers with a linked debit card, to settle disputes through arbitration. It would, reportedly, preclude class action excessive overdraft fee lawsuits like one that in 2012 led JP Morgan to settle with chec... - Overdraft Fees Class Action Filed Against Trustmark National Bank
Memphis, TN: A class action lawsuit has been filed against Trustmark National Bank in Shelby County, Tennessee. The suit alleges that the bank engages in improper practices in its assessment of overdraft fees on consumer checking accounts. Even though the case is filed in Tennessee it proposes a class action on behalf of Trustmark customers in T... - Bank of America Corp. Analyst Report and Research Fraud Settlement
Charlotte, NC: (Mar-14-07) A lawsuit filed by the Securities and Exchange Commission against Bank of America Corp.'s securities unit, accused it of failing to safeguard forthcoming analyst reports and issuing fraudulent research. Investigations showed that Bank of America Securities' internal controls worked improperly and that sales people and traders wou... - Pacific Western Bank Shorted Workers OT Pay Lawsuit Alleges
Nov-16-17 San Diego, CA: A class action lawsuit filed in the Superior Court of California alleges Pacific Western Bank failed to correctly calculate overtime wages of the non-exempt hourly workers and failed to provide staff with mandatory meal and rest breaks. The lawsuit was filed by two former employees, Karina Escobedo and Liliam Lopez, on behalf of them... - Fortis Bank
Washington, DC: A specially formed foundation representing investors in the U.S., Europe, the Middle East and Australia has brought a unique shareholder fraud action in connection with the collapse of Belgium-based financial services company Fortis N.V. Currently known as Ageas NV/BV, Fortis, which had huge exposure to subprime loans in the U.S., was re... - Study Finds That People With Lowest Incomes Pay Most in Bank Overdraft Fees
Apr-11-17 Philadelphia, PA: A recent study has found that the largest percentage of bank overdraft fees are collected from bank customers who earn the lowest incomes. While banks market their overdraft programs as a service, consumers often incur unexpected overdraft fees that exceed the original transaction amount, according to a Dec. 2016 issue brief http:/... - Biden Administration and U.S. Solicitor General side with Airline Employee Rest and Meal breaks
Jun-6-22 Santa Clara, CA The Ninth Circuit decision ordering Virgin America to follow California’s meal and rest break law stands, and it’s backed by the Biden Administration. The U.S. solicitor general told the U.S. Supreme Court that federal regulations don't preempt the Golden State’s law. For the past several months Virgin Americ... - Charges Possible Against Three Firms for Securities Fraud
Feb-11-08 Washington, DC At least three firms have been notified by the Securities and Exchange Commission that plans are being made for charges to be filed against the firms. This news comes after a 14-month investigation into interest-rate swaps in the municipal market and bid rigging of guaranteed investment contracts. Such notices are expected to be delivered... - Merrill Lynch, ING Bank, and Banca Monte Parma SPA Parmalat Bankruptcy Protection Settlement
Talk to a local bankruptcy lawyer right away! Washington, DC: (Jun-18-07) Parmalat SPA filed suit against Merrill Lynch, ING Bank, and Italy's Banca Monte Parma SPA, related to the dairy group's 2003 failure. The dairy company, which emerged from bankruptcy protection in 2005, reached settlements with the three financial institutions making that a c... - Riverdale Park Town, MD Riggs Bank Amended Taxes Settlement
Riverdale Park Town, MD: (Sep-05-07) Riggs Bank brought charges against Riverdale Park Town, after the bank filed amended tax returns for 2003 through 2005 requesting about $273,000 from the town after it was sold to PNC and then closed in 2006. Riggs Bank was purchased by PNC and then closed in May 2006. The bank's closing also took away about $75,000 in... - Force Placed Insurance Defendant Attempts to Toss Lawsuit, Plaintiffs Have None of It
Jul-15-15 Minneapolis, MN As lawsuits go, most defendants will attempt to dismiss a case whether or not a dismissal is even meritorious to begin with. Such is the case with a Lender insurance lawsuit brought by various homeowners against US Bank and American Security Insurance Company (ASIC), a subsidiary of Assurant Inc. The plaintiffs, respectfully, hold that...