Securities
Feb. 8, 2012
Judge dismisses fraud claims against BofA
Bank of America may be close to shaking off the hangover resulting from its 2008 purchase of home loan giant Countrywide Financial, as a federal judge put to rest an investor's claims that the deal was rife with fraud.
Daily Journal Staff Writer
LOS ANGELES - In a strong sign that Bank of America may be shaking off the hangover resulting from its 2008 purchase of home loan giant Countrywide Financial, a U.S. judge put to rest an investor's claims the deal amounted to fraud.
U.S. District Judge Mariana Pfaelzer dismissed with prejudice the claims of "successor liability" and "fraudulent conveyance," ruling Bank of Ame...
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