NYSE:BACBanks
Class Action Over Epstein Ties Puts Bank Of America Valuation In Focus
A U.S. federal judge has allowed key claims in a class action lawsuit against Bank of America to proceed.
The case alleges Bank of America disregarded information related to Jeffrey Epstein's sex trafficking activities and failed to scrutinize related transactions.
The lawsuit also claims the bank may have benefited from Epstein's alleged illicit activity, creating potential legal and reputational risk.
For investors watching NYSE:BAC, this lawsuit arrives with the stock trading around...