NationsBank taking Bank of America to court
By
Posted 4:23PM on Friday 25th January 2002 ( 22 years ago )
CHARLOTTE, NORTH CAROLINA - Bank of America is heading for a courtroom to answer to a lawsuit filed by NationsBank shareholders seeking up to six billion dollars in damages from the coast-to-coast bank. <br>
<br>
The shareholders say they were shortchanged in the 66 billion-dollar merger of Charlotte-based NationsBank and San Francisco-based BankAmerica into Bank of America. <br>
<br>
The class-action lawsuit is filed on behalf of more than 300,000 NationsBank shareholders who say executives at both banks failed to disclose the financial woes besetting BankAmerica in 1998. <br>
<br>
The four-year-old case is scheduled for a jury trial April 8 in Saint Louis.
http://accesswdun.com/article/2002/1/199690
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
