Bank of America - Bank of America was sued for $10 billion by the American International Group

Time: Aug, 2011

Place: U.S.

Details: In August 2011, Bank of America was sued for $10 billion by the American International Group. Another lawsuit filed in September 2011 pertained to $57.5 billion in mortgage-backed securities Bank of America sold to Fannie Mae and Freddie Mac.

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