Class Action Lawsuit Filed Against Bank of America Corporation

Bleichmar Fonti & Auld LLP has filed a class action lawsuit against Bank of America Corporation in the U.S. District Court for the Southern District of New York, alleging securities fraud related to misrepresentations of its compliance failures. This follows a 4.8% decline in the company's stock price on October 14, 2026, after the U.S. Treasury Department announced over $1.21 billion in penalties against the bank. Investors have until December 15, 2026, to apply as lead plaintiff in the case.