Bank of America Corp
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Financials : Banks | Large Cap ValueCompany profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Closing Price
$32.93
Day's Change
0.23 (0.70%)
Bid
--
Ask
--
B/A Size
--
Day's High
32.96
Day's Low
32.70
Volume
(Light)
Volume:
36,405,442

10-day average volume:
45,965,049
36,405,442

ADTRAN SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against ADTRAN, Inc. - ADTN

10:50 pm ET October 21, 2019 (PR Newswire) Print

Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 16, 2019 to file lead plaintiff applications in a securities class action lawsuit against ADTRAN, Inc. (NasdaqGS: ADTN), if they purchased the Company's securities between February 28, 2019 through October 9, 2019, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.

https://mma.prnewswire.com/media/399590/Kahn_Swick_and_Foti_Logo.jpg

What You May Do

If you purchased securities of ADTRAN and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-adtn/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by December 16, 2019.

About the Lawsuit

ADTRAN and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On October 9, 2019, post-market, the Company announced its preliminary 3Q2019 financial results, disclosing that "revenue this quarter has been significantly impacted by a pause in shipments to a Tier 1 customer in Latin America and the continued slowdown in the spending at an international Tier 1 customer."

On this news, the price of ADTRAN's shares plummeted.

The case is Burbridge v. ADTRAN, Inc., 19-cv-09619.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients - including public institutional investors, hedge funds, money managers and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLCLewis Kahn, Managing Partnerlewis.kahn@ksfcounsel.com1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163

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SOURCE Kahn Swick & Foti, LLC

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