Reuters: Regulatory News: BofA settles Merrill Lynch lawsuit, to pay $2.43 bln

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BofA settles Merrill Lynch lawsuit, to pay $2.43 bln Sep 28th 2012, 12:39 Sept 28 | Fri Sep 28, 2012 8:39am EDT Sept 28 (Reuters) - Bank of America said it settled a class action lawsuit with investors who purchased or held Bank of America securities at the time the company announced plans to acquire Merrill Lynch. BofA will pay $2.43 billion, resulting in a litigation expense of $1.6 billion for the quarter ending Sept. 30.

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