Five pension funds are leading a class-action suit seeking billions of dollars in damages from...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Five pension funds are leading a class-action suit seeking billions of dollars in damages from Bank of America (BAC) over the Merrill Lynch takeover, Ohio AG Richard Cordray said after filing the complaint in Manhattan federal court. The suit also goes personally after BofA CEO Kenneth Lewis, former Merrill chief John Thain, other execs and the board.