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Bank of America Corporation Securities Litigation
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BANK OF AMERICA CORPORATION SECURITIES LITIGATION

United States District Court for the Southern District of New York, No.
11-CV-00733-WHP


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THE CLAIM FILING DEADLINE WAS NOVEMBER 14, 2016; ALL LATE CLAIMS WILL BE SUBJECT
TO COURT APPROVAL.

• A proposed settlement in the amount of $335,000,000.00 in cash has been
reached in the action captioned Pennsylvania Public School Employees’ Retirement
System, individually and on behalf of all other similarly situated v. Bank of
America Corporation et al., No. 11-CV-00733-WHP. The action was brought on
behalf of all persons who purchased or otherwise acquired either Bank of
America’s (“BoA”) common stock or Common Equivalent Securities during period
from February 27, 2009 through October 19, 2010 (“Class Period”), and who
suffered damages as a result (the “Class”). The Settlement will resolve all
claims against all Defendants in this class action.

• A hearing will be held on November 29, 2016, at 2:00 p.m., before United
States District Judge William H. Pauley III, at the United States District Court
for the Southern District of New York, Daniel Patrick Moynihan United States
Courthouse, 500 Pearl Street, Courtroom 20B, New York, NY 10007-1312. At this
hearing, the Court will consider whether the Settlement is fair, reasonable and
adequate. The Court also will consider the proposed Plan of Allocation for the
proceeds of the Settlement and applications for attorneys’ fees and
reimbursement of expenses. The Court will also consider any written objections
filed in accordance with the instructions set out in the Notice, found in the
Important Documents section of the website.

• The Settlement, if approved by the Court, will: resolve claims in the action
that BoA’s investors were misled about the Company’s exposure to billions of
dollars in repurchase claims stemming from mortgages securitized and sold into
the marketplace as residential mortgage-backed securities , and about risks
arising from the Company’s reliance on an allegedly inadequate mortgage
processing and tracking system known as “MERS”; provide a cash payment to Class
members who timely submit valid claims and are otherwise entitled to such a
payment; and release the Defendants from liability.

• To be eligible to receive a payment under the proposed Settlement, you must
submit a valid proof of claim establishing your membership in the Class and
include with your submission all required documentation. Your claim must be
submitted online or postmarked on or before the claim filing deadline of
November 14, 2016.

• If you do nothing, you will get no money from this settlement. However, unless
you exclude yourself, you will not be able to start a lawsuit, continue with a
lawsuit, or be part of any other lawsuit against the Bank of America Corporation
and the other Defendants about the issues raised in this case. 

• If you want to exclude yourself from the Class, you must send a letter by U.S.
Mail saying that you want to be excluded from the Class and do not wish to
participate in the Settlement.  Your letter requesting exclusion must include
the name and number of the action as follows:  Pennsylvania Public School
Employees’ Retirement System, individually or on behalf of all other similarly
situated v. Bank of America Corporation et al.. Your request must also include
your name, address, telephone number, and the following information about your
transactions in BoA common stock or Common Equivalent Securities during the
Class Period:  the number of shares acquired and/or sold, and the transactions
date(s) and the price(s) of the securities that you acquired and/or sold. You
must also include copies of documents demonstrating such acquisition(s) and/or
sale(s).  DO NOT SEND ORIGINALS.  Your request for exclusion must be signed.

If you timely and properly request exclusion from the Class, you will retain
your rights to sue Defendants yourself with respect to the Released Plaintiffs’
Claims to the extent those claims are viable under the statute of limitations
and statute of repose applicable to claims under the Securities Act and/or the
Exchange Act. NOTE:  Pursuant to the decision of the United States Court of
Appeals for the Second Circuit, in Police& Fire Ret. Sys. v. IndyMac MBS, Inc.,
721 F.3d 95 (2d Cir. 2013) ("IndyMac”), if you exclude yourself from the Class,
you may forfeit any claims you may have against Defendants relating to your
purchases of BoA securities during the Class Period because the 3-year statute
of repose under the Securities Act (which is 3 years from the date the
securities were bona fide offered to the public) and the 5-year statute of
repose under the Exchange Act (which is 5 years from the date securities were
purchased) has expired. A copy of the IndyMac decision is available in the
Important Documents section of the website.  Because of the IndyMac decision, it
is possible that only members of the Class who do not exclude themselves from
membership in the Class will be able to recover against Defendants under the law
currently applicable to this Action. Before you decide to request exclusion from
the Class, you are urged to consult your counsel, at your own expense, to fully
evaluate your rights and the consequences of excluding yourself from the Class.
Your exclusion request must be received by the Claims Administrator no later
than the Exclusion deadline of September 13, 2016 and should be sent to:

Bank of America Corporation Securities Litigation c/o Heffler Claims Group
P.O. Box 360
Philadelphia, PA 19105-0360

NOTE: All Capitalized terms are defined in the Settlement Agreement, which can
be found in the Documents section of this website.

This website is authorized by the Court, supervised by counsel and controlled by
Heffler Claims, the Settlement Administrator approved by the Court. This is the
only authorized website for this case.

For more information please call 1-800-644-7835 or Outside the US & Canada:
215-845-4405


SUBMIT CLAIM

Click here to safely and securely submit a Claim Form.


IMPORTANT DATES


 * EXCLUSION DEADLINE
   
   Tuesday, September 13, 2016
   
   Post-Marked


 * OBJECTION DEADLINE
   
   Tuesday, September 13, 2016
   
   Post-Marked


 * CLAIM FORM DEADLINE
   
   Monday, November 14, 2016
   
   Online and Post-Marked


 * FINAL APPROVAL HEARING DATE
   
   Tuesday, November 29, 2016


IMPORTANT DOCUMENTS

 * Memorandum & Order(PDF: 51.1 kB)
 * Executed Order Directing Payment From the Court Registry Investment System
   For (1) Partial Distribution to Eligible Class Claimants, And (2) Payment of
   The Claims Administrator's Fees and Expenses(PDF: 164.8 kB)
 * Memorandum & Order For Motion To Dismiss Consolidated Class Action
   Complaint(PDF: 2.2 MB)
 * Amended Consolidated Class Action Complaint(PDF: 1.0 MB)
 * Memorandum & Order Denying Motion to Dismiss The Amended Complaint(PDF: 591.9
   kB)
 * Stipulation And Order Certifying Class(PDF: 783.2 kB)
 * Order on Motion of Lead Plaintiff Pennsylvania Public School Employees'
   Retirement System to Ratify Determinations of Claims Administrator on All
   Filed Claims(PDF: 46.4 kB)
 * Stipulation and Agreement of Settlement(PDF: 2.5 MB)
 * Amendment to Stipulation and Agreement of Settlement(PDF: 334.6 kB)
 * Order Preliminarily Approving Proposed Settlement(PDF: 9.4 MB)
 * Police and Fire Retirement System of City of Detroit v IndyMac MBS Inc(PDF:
   316.3 kB)
 * Notice of Class Action, Proposed Settlement, Motion for Attorneys Fees and
   Expenses, and Settlement Hearing(PDF: 1.5 MB)
 * Long Form Notice of Class Action, Proposed Settlement, Motion for Attorneys
   Fees and Expenses, and Settlement Hearing(PDF: 2.8 MB)
 * Proof of Claim and Release(PDF: 282.9 kB)
 * Bulk Filing Template(XLSX: 15.2 kB)


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