A Reuters source says that Bank of America's wealth management division has agreed to pay $315 million in a class-action suit representing investors in eighteen mortgage-backed securities trusts. That price tag would make Merrill Lynch's agreement the biggest public settlement for investors in a securities settlement (out of only four known), and the first securities case that Bank of American has agreed to settle.
Read more posts by Joe Coscarelli
Filed Under: lawsuits ,merrill lynch ,bank of america ,finance ,business ,mortgage-backed securities
No comments:
Post a Comment