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December 7, 2011
Merrill Lynch Pays $315M to Settle Claims Over Asset-Backed Securities

In a December 6, 2011, article from Bloomberg News, we learn that Bank of America Corp. (BAC) reached a $315 million settlement with class action plaintiffs who sued its Merrill Lynch unit over claims tied to mortgage-backed securities, according to a filing in Manhattan federal court. Merrill Lynch was sued starting in December, 2008, by asset- […]

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