BofA Fails To Reach Deal With Opt-Outs From $2.4B Accord

Law360, New York (June 7, 2013, 7:30 PM EDT) -- Investors who opted out of Bank of America Corp.’s near-record $2.4 billion class action settlement of Merrill Lynch-related claims have reached an impasse in efforts to negotiate a separate deal with the bank, lawyers told a New York federal judge Friday.

Bank of America and a group of investors who eschewed the landmark deal met for two sessions to try to negotiate a settlement but failed to produce results, plaintiffs lawyer Daniel L. Berger of Grant & Eisenhofer PA told U.S. District Judge Kevin Castel at...
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