Kenneth Lewis, the former Bank of America Corp. chief executive officer accused of recklessness involving losses at Merrill Lynch, lost his bid to have a securities claim dismissed from a shareholder lawsuit.
Bank of America Corp. former Chief Executive Officer Kenneth Lewis last week asked a judge to throw out the New York attorney general’s lawsuit accusing him of fraud when he led the bank’s purchase of Merrill Lynch & Co.
Barclays Plc is set to defend itself against Lehman Brothers Holdings Inc. ’s claim that it should pay as much as $11 billion after allegedly making an undisclosed “windfall” on its purchase of bankrupt Lehman’s brokerage.
Isabel Santamaria thought she finally caught a break in her effort to save her Florida home from foreclosure after nine frustrating months: She reached Bank of America Corp.’s Office of the CEO and President.
Warren Buffett ’s Berkshire Hathaway Inc. sold its stake in Bank of America Corp. , ending an investment that spanned three and a half years in which the lender’s stock lost more than two-thirds of its value.
Former Bank of America Corp. Chief Financial Officer Joe L. Price agreed to pay $7.5 million to settle the New York attorney general’s lawsuit over alleged misrepresentations to investors about the bank’s 2009 purchase of Merrill Lynch & Co.
Former Bank of America Corp. Chairman Kenneth Lewis agreed to a three-year ban on serving as a public company’s officer or director and to pay $10 million to settle claims by New York’s attorney general that he misled investors about the bank’s 2009 purchase of Merrill Lynch & Co.