Bank of America Corporation (NYSE:BAC) is currently facing a class action lawsuit for the violation of federal securities laws. The lawsuit was filed in the Southern District of New York by Kendall Law Group. The lawsuit was filed for violations related to public statements made by the company between September 15, and January 21, 2009.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.
Bank of America is accused of concealing statements of it’s agreement to offer Merrill Lynch employees a bonus of $5.8 billion prior to its merger. The complaint claims that the company’s stock has been trading at artificially inflated prices due to its misleading statements during that time period. During that time, the company sold certain debt and equity securities which included 455 million shares of common stock at $22 per share raising $10 billion in capital.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow us on Twitter: http://www.Twitter.com/topbestps
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
