Texas and Ohio Pension Funds Picked to Lead Class Action Against Bank of America

A lengthy battle to lead the securities class actions facing Bank of America over its merger with Merrill Lynch now has a winner: three firms representing Texas and Ohio teacher pension funds. In a ruling last week, a federal district court judge in Manhattan decreed the pension funds would be lead plaintiffs and that Bernstein Litowitz Berger & Grossmann; Kaplan Fox & Kilsheimer; and Barroway Topaz Kessler Meltzer & Check would be co-lead counsel in the now-consolidated securities actions.