Bofa Sued Over Alleged Failure To Disclose Potential $10 Billion Aig Loss

NEW YORK (Grant McCool) - A Bank of America Corp (BAC.N) shareholder sued the bank on Friday for what he said was a failure to disclose it potentially owes more than $10 billion to American International Group Inc (AIG.N) in connection with mortgage-backed securities.The lawsuit, filed in U.S. District Court in Manhattan, seeks class action status on behalf of purchasers of Bank of America stock between February 25 and August 5 this year.Read More... More on Video

 

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