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A North Carolina judge ruled on Thursday that a Justice Department lawsuit against Bank of America Corp could move forward, allowing the complainant 30 days to file its amended petition. The Department of Justice's lawsuit accuses Bank of America of civil fraud in the sale of mortgage securities that soured during the global financial crisis. At a hearing last week in Asheville, North Carolina, U.S.

Jeff Knox, Chief of Fraud Section at DOJ, and Alexandra Wrage, President of TRACE International, disagree about whether and when companies should self-disclose to the DOJ about FCPA issues. They spoke with WSJ's Dennis Berman at CFO Network.