Texas And Ohio Pension Funds Picked To Lead Class Action Against Bank Of America

Lengthy battle to lead the securities class actions facing Bank of America over its merger with Merrill Lynch now has a winner: three firms representing Texas and Ohio teacher pension funds. In a ruling last week, a federal district court judge in Manhattan decreed the pension funds would be lead plaintiffs and that Bernstein Litowitz Berger & Grossmann; Kaplan Fox & Kilsheimer; and Barroway Topaz Kessler Meltzer & Check would be co-lead counsel in the now-consolidated securities actions.