Bank of America has lawsuit over $219m Virgin Islands bond offering trimmed
US Judge Curtis V. Gomez has ruled that three units of Bank of America have met their burden over bad tax advice that the bank and Buchanan Ingersoll & Rooney PC allegedly gave on a $219m Virgin Islands bond offering, thereby allowing them to avoid the suit. H﻿owever, two other units must still face the claims.

By Jeff Zalesin (October 1, 2015, 2:25 PM EDT) -- Three Bank of America units can fend off negligence claims over bad tax advice the bank and Buchanan Ingersoll & Rooney PC allegedly gave on a $219 million Virgin Islands bond offering, but two BofA affiliates must face related claims, a federal judge in the territory ruled Thursday....

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