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Final Approval Of $2.4B Settlement Granted In Bank Of America Securities Suit

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NEW YORK - A federal judge in New York on April 5 granted final approval of a $2.4 billion settlement between shareholders and Bank of America Corp. (BoA) to settle claims that it and certain of its executive officers and directors misrepresented the company's business and financial condition, as well as the business and financial condition of Merrill, Lynch & Co. Inc. prior to BoA's acquisition of Merrill (In re: Bank of America Corp. Securities, Derivative, and ERISA Litigation, No...(read more)

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