Bank of America Investors Urged to Seek Lead Plaintiff Role in Securities Class Action

Rosen Law Firm urges investors to act before deadline

Rosen Law Firm on Nov. 5 reminded purchasers of Bank of America common stock between Aug. 1, 2025, and Oct. 13, 2026, that they may seek lead plaintiff status in a securities class action by Dec. 15, 2026. The firm said investors who bought the stock during that period and experienced losses may be eligible to participate in a potential recovery through a contingency-fee arrangement, but no class has been certified.

Deadline applies to proposed class members

The proposed class covers common-stock purchases during the Aug. 1, 2025, to Oct. 13, 2026, period. A lead plaintiff would act as a representative in directing the litigation. Rosen said investors do not need to become lead plaintiff to share in any potential future recovery and may remain absent class members. Until certification, however, investors are not represented by counsel unless they retain one.

Complaint challenges compliance disclosures

According to the lead source’s account of the complaint, the lawsuit alleges that Bank of America and certain officers or directors made misleading statements about Bank of America, N.A.’s compliance failures, progress under a 2024 consent order, and expected costs and penalties.

The complaint reportedly alleges weaknesses in the subsidiary’s Bank Secrecy Act and anti-money-laundering program, including failure to monitor trillions of dollars in transactions and missed, delayed or inaccurate suspicious-activity reports involving billions of dollars. It also alleges deficiencies in sanctions compliance and says remedying the issues required significant compliance resources and exposed the subsidiary to substantial penalties and costs. These are allegations in the lawsuit, not findings established in the cited reporting.

Enforcement actions and market reaction form the background

Contextual reporting said the U.S. Treasury Department announced coordinated enforcement actions against Bank of America, N.A. on Oct. 13, 2026. FinCEN assessed a $1.2 billion penalty, including credit for a $750 million penalty imposed by the Office of the Comptroller of the Currency, while the Office of Foreign Assets Control announced a separate $11.6 million settlement.

Bank of America reported on Oct. 14 that the regulatory settlement charge reduced third-quarter 2026 diluted earnings per share by $0.17. The complaint alleged that the shares reached an intraday low of $49.26 that day and closed at $51.39, down 4.8% from the previous close of $53.96.

No class certification or recovery has been established

The proposed action remains uncertified, and the lead plaintiff deadline does not establish liability or guarantee a settlement. The supplied reporting also did not identify a court hearing, class-certification date or other scheduled milestone beyond the Dec. 15 deadline for a motion seeking lead plaintiff appointment.