Edward Jones Settlement

1 decade 3 years 6 months ago Wednesday, April 05 2006 Apr 5, 2006 Wednesday, April 05, 2006 1:06:41 PM CDT April 05, 2006 in News
Friday's St. Louis Post-Dispatch reports a federal judge dismissed an effort last week by suburban St. Louis-based Edward Jones to file those claims after a deadline passed in a shareholders' suit against Bank of America. The company will pay customers who owned 5 million shares of the former NationsBank, which merged into Bank of America in 1998. Shareholders say Bank of America failed to reveal large financial losses from a hedge fund investment. The bank settled the case for $490 million in 2002.

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