Bank of America Corp. board members are free of a shareholder suit alleging they didn’t act to stop employees’ use of unapproved electronic platforms and devices.
Investors Robert Weiss and Michael Miliote told the US District Court for the District of New Jersey Jan. 12 that they’re voluntarily dismissing their derivative suit on behalf of the company.
- Allowing the messaging and lacking records of the communications when regulators asked for them led to a $225 million fine, the investors said
- BofA is among numerous financial sector companies caught up in regulatory scrutiny of employee messaging
- Attorneys for Weiss and Miliote ...
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