By: Wall Street Pit
April 06, 2013 at 12:35 PM EDT
Bank of America (BAC) Still Paying for Merrill Buyout via Lawsuits
Bank of America (BAC) has to pay a $2.43B settlement for a class action lawsuit over its buyout of Merrill Lynch. Consider also that BofA is still facing potential a civil fraud lawsuit from the state of New York. A brief history of this acquisition reveals that it cost $20B initially, then forced BofA to [...] View the full post at: Bank of America (BAC) Still Paying for Merrill Buyout via Lawsuits Related posts: Oppenheimer: Bank of America Needs to Raise $36.6 bln in Capital Bank of America Faces Class-Action Lawsuit by Agape Victims CEO of Bank America Advocates Against Banks Split
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