
Bank of America agreed to pay $35.6 million to satisfy claims that the bank failed to report and pay as unclaimed property amounts representing principal and interest owed to bondholders on bonds issued by state and municipal entities. The settlement also addressed claims for refund of excessive fees for services rendered and investment earnings lost on money in the bank's custody. For more info visit https://web.archive.org/web/20020916082513/http:/www.gov.state.ak.us/press/01178.html