Bank of America agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit.. The settlement was disclosed in.
Bank of America Corp. agreed to pay $315-million (U.S.) to settle claims by investors who said they were misled about mortgage securities offerings by its Merrill Lynch unit.
Preliminary settlement papers were filed on Monday. the plaintiffs said. In December, Bank of America Co’s (BAC.N) Merrill Lynch unit said it would pay $315 million to resolve a lawsuit brought by.
BofA will pay another $315 million to settle a lawsuit stemming from the losses that occurred during the Ocala Funding debacle. Over the past several years, the company has paid $58 billion in litigation fees and settlements since the financial crisis.
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All together, Bank of America has faced $91.2 billion in legal fines and settlements since the beginning of the financial crisis. Bank of America covers part of former Countrywide CEO Angelo Mozilo’s $67.5 million civil fraud settlement with the Securities and Exchange Commission.
Bank of America to Pay $15 Million to Settle Claims that traders cheated customers Sanction by the SEC includes $10.5 million that must be returned to customers and a .2 million civil penalty
(Reuters) – A federal judge has given final approval to Bank of America Corp’s (BAC.N) agreement to pay $315 million to settle claims. agreement to pay $285 million to settle a fraud lawsuit.
Bank of America Corp. agreed in March to pay a combined total of $315 million to settle lawsuits with Deutsche Bank AG and BNP Paribas Mortgage Corp.
By Brandon Lowrey. Law360, Los Angeles (May 5, 2015, 8:58 PM EDT) — Bank of America has paid $315 million to settle lawsuits brought by Deutsche Bank AG and BNP Paribas Mortgage Corp. over BofA’s handling of hundreds of millions of dollars in mortgage-backed notes, according to a recent Securities and Exchange Commission filing.
Dec 6 (Reuters) – Bank of America Corp agreed to pay $315. settlement was disclosed publicly late Monday night in court papers filed in U.S. District Court in Manhattan. The accord requires.
Bank of America Corp agreed to pay $315 million to settle claims by investors who said they. lawrence grayson, a bank spokesman, declined to comment on the settlement. Lawyers for the investors.
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