$2.4B Settlement Over BofA-Merrill Deal Wins OK
The group of institutional investors who brought lawsuit accused the bank of lying about the risks of the Merrill deal, a charge it denies. The settlement is the fourth-largest in a U.S. securities suit, according to U.S. District Judge Kevin Castel.
“I find that the settlement was fair, reasonable and adequate, and it is approved”...
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