Corporate & Securities Law

Investors Beware As Bank Of America And RBC Dain Rauscher Added To The List Of Firms Sued In Class Actions Over Auction-Rate Securities

By James Eccleston

Previously, we've cautioned investors to monitor class actions because they may be unsuitable for most investors who have invested several thousands of dollars in those investments.  We've added a few names to the list since our last publication. 

Bank of America as well as RBC Dain Rauscher have now been sued in class actions by various law firms across the country.  Investors need to be careful so as not to receive pennies-on-the-dollar by unwittingly being placed in such class actions.

Full post as published by FinancialCounsel on May 23, 2008 (boomark / email).