Violation Tracker Individual Record

Company: 
Bank of America
Current Parent Company: 
Bank of America
Penalty: 
$137,300,000
Year: 
2010
Date: 
December 7, 2010
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

Bank of America entities agreed to pay a total of $137.3 million in restitution to federal and state agencies for participation in a conspiracy to rig bids in the municipal bond derivatives market and as a condition of admission into the Department of Justice's Antitrust Corporate Leniency Program.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Antitrust Division
Civil or Criminal Case: 
civil and criminal
Prosecution Agreement: 
non-prosecution agreement
HQ Country of Parent: 
USA
HQ State of Parent: 
North Carolina
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.