Virgin Islands Public Finance Authority et al v. Buchanan Ingersoll & Rooney PC et al

3:14-cv-00083

April 26, 2016
Virgin Islands Drops Claims Over $219M Bond Offering

The government of the U.S. Virgin Islands on Tuesday asked a federal judge in the territory to dismiss its claims that Buchanan Ingersoll & Rooney PC and Bank of America gave it bad tax advice over a $219 million bond offering, saying the parties have agreed to end the suit.
October 01, 2015
BofA Gets Suit Over $219M Bond Offering Trimmed

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.
March 10, 2015
BofA Wrongly Pinning Bond Row On Buchanan, Court Told

The U.S. Virgin Islands Public Finance Authority slammed Bank of America Corp.'s bid to toss a suit accusing Buchanan Ingersoll & Rooney PC and the bank of wrongly advising that a $219 million bond offering was tax-exempt, saying the bank is trying to pin the entire suit on bad advice from the firm.
October 21, 2014
Buchanan Ingersoll, BofA Sued For $219M Virgin Islands Bond

Buchanan Ingersoll & Rooney PC and Bank of America Corp. were slapped with a lawsuit by the U.S. Virgin Islands Public Finance Authority on Monday alleging they wrongly said a $219 million bond offering was tax-exempt, although an Internal Revenue Service investigation proved otherwise.