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Banking

Jan. 27, 1999

Fraud Claims Against B of A Thrown Out

SAN FRANCISCO - After nearly five years of litigation against California's largest bank, a federal judge in San Francisco threw out claims that Bank of America, as the successor to Security Pacific National Bank, conspired to defraud the former owners of the city's only employee-owned waste disposal company in connection with a 1986 buyout of their stock.

By Vivien Lou Chen
Daily Journal Staff Writer
        SAN FRANCISCO - After nearly five years of litigation against California's largest bank, a federal judge in San Francisco threw out claims that Bank of America, as the successor to Security Pacific National Bank, conspired to defraud the former owners of the city's only employee-owned waste disposal c...

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