Monday, September 28, 2009

Stock Market Update: Monday, September 28, 2009

As if Bank of America didn’t have enough trouble, some guy is suing them for "1,784 billion, trillion dollars!"

Here’s a few excerpts from the Reuters article:

“Dalton Chiscolm is unhappy about Bank of America's customer service -- really, really unhappy.”

He has sued BofA and its board, “demanding that "1,784 billion, trillion dollars" be deposited into his account the next day. He also demanded an additional $200,164,000, court papers show.”

“It's larger than a sextillion dollars, or a 1 followed by 21 zeros. Chiscolm's request is equivalent to a 1 followed by 22 digits.

"He seems to be complaining that he placed a series of calls to the bank in New York and received inconsistent information from a 'Spanish woman,'" the judge wrote. "He apparently alleges that checks have been rejected because of incomplete routing numbers."

"’Incomprehensible,’ U.S. District Judge Denny Chin said in a brief order released Thursday in Manhattan federal court. Judge Chin gave Chiscolm until October 23 to better explain the basis for his claims, or else see his complaint dismissed.”

And, as you would expect, BofA's stock was one of the bigger gainer's today. We didn't do too badly either!
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