Click here to fill out shareholder questionnaireThis action alleges that the registration statement and prospectus filed by FleetBoston Financial Corporation ("FleetBoston") in connection with its merger with Summit Bancorp("Summit") contained materially false and misleading statements and omissions in violation of certain securities laws. In particular, the Amended Complaint contains allegations that the registration statement materially misrepresented and understated the severe risks faced by FleetBoston in its investments in Argentina, which violated Generally Accepted Accounting Principles (“GAAP”) and applicable regulatory rules and regulations. As a result of these alleged material misrepresentations and omissions, Summit shareholders received overvalued FleetBoston shares in the merger, and certain former Summit shareholders were damaged as a result of when they sold their FleetBoston shares.

Update

We represent a conditionally certified class of former shareholders of Summit who acquired the common stock of FleetBoston as the result a merger of the two banks and who subsequently sold their shares between certain dates. We would appreciate your assistance in ensuring that this action is not dismissed by completing the certification and questionnaire located in the Quick Facts box to the right. Due to the death of the Court-appointed class representative and his immediate heir, this litigation has no class representative. Without a new class representative, this action will be dismissed. Moreover, the Court has required us to provide it with information establishing that there are enough class members to meet the legal requirements for a class action. If we are unable to establish, to the Court's satisfaction, that the conditionally certified class includes sufficient numbers this case will be dismissed.

You may be a class member and have a financial interest in the successful resolution of this lawsuit if you: (1) exchanged your shares of Summit common stock for shares of FleetBoston common stock pursuant to the merger of the two banks on March 1, 2001, and (2) sold at least some of your FleetBoston shares between December 19, 2001 and November 6, 2003, inclusive.

If you are a class member, you can assist us by providing information establishing your status as a class member. If you are a member you can further aid in the prosecution of the case by agreeing to be a class representative. As a class member and/or class representative, you will have no responsibility for the payment of legal fees. In a class action, legal fees are paid out of the recovery obtained (i.e., judgment or out-of-court settlement) for the class and then only after the fees requested have been approved at a full hearing before the Court, which will determine the final fee award. If there is no recovery for the class, there will be no obligation to pay our legal fees. Please either fill in the Questionnaire online or print a copy and send it in as soon as possible.