Investor Class Certified In BofA-Merrill Merger Suit

Law360, New York (February 6, 2012, 7:43 PM EST) -- A New York federal judge on Monday certified a class of investors in a consolidated securities fraud suit against Bank of America Corp. and its directors over the bank's troubled $50 billion acquisition of Merrill Lynch & Co. Inc.

U.S. District Judge P. Kevin Castel said the investors had sufficiently established that questions of law or fact common to class members predominate over any questions affecting only individual class members. The plaintiffs had already adequately alleged that Bank of America made material misstatements as to Merrill’s...
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