April 22, 2015
Prudential Insurance Co. has agreed to resolve two suits alleging Bank of America NA, Merrill Lynch & Co. Inc. and others knowingly sold it $2.1 billion worth of "garbage" residential mortgage-backed securities, according to documents filed Wednesday in New Jersey federal court.
July 07, 2014
Prudential Investment Portfolios 2 accused Bank of America NA, Merrill Lynch & Co. Inc. and others of knowingly selling $119 million worth of "garbage" mortgage-backed securities in a suit removed to New Jersey federal court on Monday.