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Case ID: 4100 | Miscellaneous | 12/27/2004
A class action lawsuit has been filed in the Eastern District Court of Missouri against Bank of America for violations of banking law. Class members seek damages, injunctive relief, attorney's fees and costs of the litigation.
Specifically, the complaint alleges that the Bank of America, at the direction of its parent, the Bank of America Corporation (BAC), and in conspiracy with Nations Funds Trust (NFT) and others, decided to invest the assets of the affected accounts in shares of the Nations Funds and other propriety mutual funds, all of which were directly or indirectly advised and managed by subsidiaries of defendants or their affiliates. Similarly, fiduciary assets were increasing channeled into the Bank's proprietary mutual funds, typically without any material disclosures made to the beneficiaries of the affected accounts. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Miscellaneous Cases of Interest American antitrust law generally prohibits entities from agreeing together to control prices, regardless of the reasons. A Wisconsin class action has been filed against the Madison-Dane County Tavern League and 24 bars near the University of Wisconsin campus on behalf of weekend bar-goers who allege that the bars have been spared together to fix prices in violation of state and federal antitrust law. Timeshares can be a valuable investment, if chosen carefully. A nationwide class action has been filed against ILX Resorts, Inc. on behalf of purchasers of vacation ownership interests in the Los Abrigados timeshare resort in Sedona, Arizona, or the Premiere Vacation Club operated by the company alleging that ILX and its subsidiaries sell their properties to more people than could actually use them, siphon off maintenance fees as profits instead of using them for their stated purpose, and conduct bait-and-switch selling tactics in violation of Arizona's Consumer Fraud and the Real Estate Timeshare Acts.
A class action lawsuit has been filed in U.S. District Court for the Central District of California against Viacom. The case involves violations of copyright law. No additional information about the substance of the allegations is available at this time. Classactionamerica.com will monitor this case and provide additional details as soon as they become available. "Grease" co-creator Jim Jacobs filed a $100 million class-action federal lawsuit in New York charging multiple cruise ships with stealing his broadway performing show. Jacobs' suit charges cruise lines have staged thousands of performances of "Grease" through the years without paying or receiving the necessary permission. A class action lawsuit filed in Miami alleges that a number of major air carriers are engaging in cartel-like practices to limit air cargo competition by fixing prices in the industry. Specifically, the complaint claims that the air carriers violated provisions of the Sherman Antitrust Act by conspiring to fix the prices of fuel, security, and insurance surcharges, some of which came into existence after the September 11th attacks. A class action lawsuit has been filed in the District Court of Maryland against Hien Thi NGO for violations of The Racketeer Influenced and Corrupt Organizations Act. Commonly referred to as "RICO", the Act addresses the infiltration of legitimate businesses by organized crime. Class members seek $150,000 in actual and compensatory damages in legal fees and costs, $300,000 for emotional distress, pain and suffering, $500,000 for damages to businesses and $9,000,000 in punitive damages. |
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