As the worst days of the financial crisis (if not their
ill effects) receded into the past, the accompanying credit crisis-related
litigation wave appeared to lose its momentum. By late 2010, new credit
crisis-related lawsuit filings seemingly had dwindled away. But now at the
midpoint of 2011, two...
NEW YORK - (Mealey's) In what is being called the largest
settlement of a credit-crisis-related securities class action lawsuit, Bank of
America Corp. (BoA) has agreed to a $2.43 billion settlement on claims that it
and certain of its executive officers and directors misrepresented the company's...