Bank of America Corporation says that, on June 17, 2008, the U.S. District Court for the Southern District of New York dismissed 25 claims from a lawsuit filed by Adelphia Communications Corporation.
These claims include the majority of the fraudulent transfer…
Bank of America Corporation’s subsidiary, Countrywide Financial Corporation, is cooperating with inquiries initiated by the Securities and Exchange Commission.
Beginning in March 2008, certain news media reported that numerous industry participants, including CFC, were subject to an investigation by the Federal…
Bank of America Corporation and Bank of America, N.A. are cooperating with probes of several state attorneys general on municipal derivatives.
Beginning in April 2008, the Company and Bank of America, N.A. received subpoenas, interrogatories and civil investigative demands from the…
Syncora Holdings Ltd. continues to face lawsuits filed in the state courts in California over violations of California state antitrust laws and state common laws.
in July 2008, two lawsuits, City of Los Angeles v. Bank of America, N.A. et…
The First American Corporation maintained a reserve totaling US$63.7 million at June 30, 2008, for lawsuits related to title insurance operations.
The Company’s title insurance, property and casualty insurance, home warranty, thrift, trust and investment advisory businesses are regulated by…
Countrywide Financial Corporation continues to be a named defendant in a case filed in the Delaware Court of Chancery by the Bank of New York Mellon in its capacity as indenture trustee.
The Bank sued the Company with respect to certain…
Ameriprise Financial, Inc. continues to face claims by customers relating to suitability, disclosures, supervision and certain other sales practices.
The Company previously reported two adverse arbitration awards issued in 2006 by the panels of the Financial Industry Regulatory Authority formerly…