You may qualify if you bought or otherwise acquired BAC common stock between Aug. 1, 2025 and Oct. 13, 2026, inclusive. That date range defines the proposed class in this shareholder lawsuit. Robbins Geller Rudman & Dowd lists that period on its case page for the BAC lawsuit. A securities class action lets investors with similar claims proceed together.
This action is captioned New England Teamsters Pension Fund v. Bank of America Corp., No. 26-cv-09137. Labaton Keller Sucharow announced the Oct. 16, 2026 filing in the U.S. District Court for the Southern District of New York in its filing notice.
Official resources:
- Read the official notice from Senate — Use this primary source to verify the official announcement.
- Read the official guidance from Prnewswire — Use this primary source to verify the official guidance.
Table of Contents
- What does the lawsuit claim?
- Who fits the proposed class?
- Do you need to act by Dec. 15?
- What are your options now?
What does the lawsuit claim?
Plaintiffs allege the bank hid weak Bank Secrecy Act and anti-money-laundering controls. The claims follow a Dec. 23, 2024 OCC cease-and-desist order on suspicious-activity monitoring. Robbins Geller Rudman & Dowd describes both the order and the concealment allegation on its case page. On Oct. 13, 2026, Treasury units announced coordinated actions totaling over $1.21 billion. The total centered on a $1.2 billion FinCEN assessment.
The Senate Banking Committee letter citing Treasury orders breaks out the credits in its summary of the Treasury orders. It reports a $750 million OCC penalty credit and an $11.6 million OFAC settlement credit. Bank of America shares fell $2.57, or 4.76%, to close at $51.39 on Oct. 14, 2026. The Law Offices of Howard G. Smith reported that next-day drop in an Oct. 26, 2026 investor notice.
Who fits the proposed class?
The proposed class turns on security type and date. It covers Bank of America common stock. It covers purchases or other acquisitions from Aug. 1, 2025 through Oct.
13, 2026, inclusive. Check these points against brokerage records: Transactions outside that window fall outside the defined period. Both endpoints count. Keep monthly statements and trade confirmations together for review.
- You bought or otherwise acquired BAC common stock
- The transaction date falls between Aug. 1, 2025 and Oct. 13, 2026, inclusive
- Your confirmations show the exact trade date and share count
Do you need to act by Dec. 15?
Investors seeking appointment as lead plaintiff must file a motion by Dec. 15, 2026. Hagens Berman states that deadline in its shareholder notice for BAC investors.
Lead-plaintiff status is a court role, not basic class membership. The DJS Law Group says appointment as lead plaintiff is not required to share in any eventual recovery. That distinction matters for small holders weighing time and cost.
What are your options now?
No class has been certified yet. Glancy Prongay & Wolke explains that eligible holders may take no action and remain absent class members. The same guidance says holders may also retain counsel of their choice.
Labaton Keller Sucharow identifies claims under Sections 10(b) and 20(a) of the Securities Exchange Act and SEC Rule 10b-5. Those claims will be tested before any recovery exists. Pull your BAC trade confirmations now and calendar Dec. 15 if you want the court to consider you for a lead role.