Bank of America recently reentered the courtrooms to settle a legal dispute that it had thought was already resolved. Brought back to life, the case revolves around 22 investors and an $8.5 billion settlement deal that some say is too small for the matter at hand. Leading the charge against approval of the settlement is AIG , which has some new evidence that may sway the judge to its side.
In the video below, Motley Fool contributor Jessica Alling discusses the case, AIG's evidence, and what it means for the bank and its investors.
Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.
The article Is Bank of America on the Brink of a Legal Nightmare? originally appeared on Fool.com.Fool contributor Jessica Alling has no position in any stocks mentioned -- you can contact her here. The Motley Fool recommends and owns shares of AIG. It owns shares of Bank of America and has the following options: long Jan. 2014 $25 calls on AIG. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.