Merrill Deal With Investors Over BofA Merger OK'd

Law360, New York (August 31, 2009, 6:44 PM EDT) -- Merrill Lynch & Co. Inc., now a wholly owned subsidiary of Bank of America Corp., has reportedly won approval of a settlement in a suit brought by shareholders hoping to halt the merger.

The settlement is fair and reasonable and in the best interests of plaintiff County of York Employees Retirement Plan, Vice Chancellor John W. Noble of the Delaware Court of Chancery said Monday, according to Bloomberg.

Vice Chancellor Noble's approval affirms a settlement reached in November 2008 and resolves the suit against Merrill Lynch,...
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