BREAKING: Bank of America Reaches Settlement in Merrill Lynch Deal, Will Pay RECORD $2.43 BILLION

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BREAKING: Bank of America Reaches Settlement in Merrill Lynch Deal, Will Pay RECORD $2.43 BILLION

BREAKING: Bank of America Reaches Settlement in Merrill Lynch Deal, Will Pay RECORD $2.43 BILLION

Benzinga-

Under terms of the proposed settlement, Bank of America would pay a total of $2.43 billion and institute certain corporate governance policies. Plaintiffs had alleged, among other claims, that Bank of America and certain of its officers made false or misleading statements about the financial health of Bank of America and Merrill Lynch.

[BENZINGA]

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