Bank of America’s second quarter profit down due to large legal costs

Posted on Friday, August 8th, 2014 at 6:21 pm    

Bank of America’s income last quarter was down 43 percent to $2.3 billion after the company posted $4 billion in legal fees, according to The Boston Globe on July 17.

Bank of America’s hefty legal costs diminished its second quarter profit to a large extent, pulling it down to 19 cents per share, which is far lower than the 29 cents per share that Wall Street analysts had expected. Among the bank’s many litigation-related expenses is a settlement with the American International Group for $650 million, which aimed to resolve mortgage securities claims.

Failing to secure the interests of your business during litigation may translate to harmful legal expenditures that may affect your business’ reputation and profits. As such, it is important to seek the representation of a qualified business litigation lawyer who can aggressively advocate for your business. To learn more about how our legal team at Arenson & Maas, PLC, can represent the interests of your business, call our Iowa offices at (319) 363-8199 today.


Attorney Jim Radig appears on this week’s “Ask the Expert”

Posted on Thursday, July 31st, 2014 at 8:48 pm    

Yesterday, attorney Jim Radig of Arenson & Maas, PLC, appeared on the program “Ask the Expert” to discuss several different matters related to business law. Specifically, he discussed issues related to confidentiality agreements and non-competition agreements, or covenants to not compete. You can hear this program in its entirety below.

 


Christopher Nathan Discusses OWI on Ask the Expert

Posted on Friday, July 25th, 2014 at 4:05 pm    

On this week’s episode of “Ask the Expert”, attorney Christopher Nathan from Arenson & Maas, PLC, discussed matters related to criminal law, specifically, OWI, or operating while intoxicated, charges. You can listen to the podcast in its entirety below.