Bank of America Shareholder Suit: Civil vs. Criminal Liability
Americans have heard plenty about financial fraud in recent years, due largely to federal enforcement of white collar crimes in the mortgage industry and related sectors. Investigations of financial wrongdoing can lead to criminal prosecutions as well as lawsuits initiated by shareholders and other interested parties.
A major shareholder suit recently filed in New York against Bank of America touches on some legal issues common to fraud lawsuits and federal white collar prosecutions. The case involves allegations that shareholders were kept in the dark regarding the ...

