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...
In what is by far the largest settlement of a credit crisis-related securities class action lawsuit, Bank of America has agreed to pay $2.43 billion to settle the suit filed against the company and certain of its directors and officers in connection with the bank's financial crisis-driven acquisition...
NEW YORK - (Mealey's) Bank of America Corp. (BoA) will
pay nearly $1.7 billion to MBIA Inc. and certain of its subsidiaries to settle
claims in New York State court that BoA misrepresented the investment quality
of and risk associated with certain mortgage-backed securities (MBS) it sold to