This is a cross post with the Fordham Corporate Law Forum.
It is no secret that Bank of America (“BofA”) has faced numerous lawsuits concerning its role in the financial crises. From liability concerning bad mortgages to allegations of securities fraud, BofA’s reputation and bottom line has paid a high price for its actions. And the bad news just keeps coming. Recently, important developments in two current cases involving Bank of America have the potential to end up costing the bank as much as $60 billion. Read more