Bank of America/Merrill Lynch Merger Litigation | Bernstein …

Sep 18, 2008 · Securities class action on behalf of shareholders of Bank of America Corporation ("BoA") arising from materially misleading statements and omissions concerning BoA's …

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Merrill Lynch Takeover By Bank Of America - Seven Pillars Institute

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This case study on financial ethics discusses the Merrill Lynch takeover by Bank of America in 2008 that resulted in a $2.43 billion class-action lawsuit. ... and agreed to pay the settlement …

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About The $2.43 Billion BofA/ Merrill Lynch Merger Securities Suit ...

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Oct 1, 2012 · In what is by far the largest settlement of a credit crisis-related securities class action lawsuit, Bank of America has agreed to pay $2.43 billion to settle the suit filed against …

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BofA Pays $2.4 Billion To Settle Claims Over Merrill | Reuters

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Sep 28, 2012 · Bank of America Corp agreed on Friday to pay $2.43 billion to settle claims it hid crucial information from shareholders when it bought investment bank Merrill Lynch & Co at …

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Bank Of America Corp. - SEC.gov

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Aug 3, 2009 · Under the schedule, Bank of America had agreed that Merrill could pay up to $5.8 billion, or nearly 12 percent of the $50 billion merger consideration, in discretionary bonuses to …

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BLB&G Recovers Record-Setting $2.425 Billion For Shareholders In …

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September 28, 2012. After nearly four years of intense litigation and with a trial date looming weeks away, BLB&G unveiled an unprecedented settlement with Defendant Bank of America …

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Max W. Berger

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Bernstein Litowitz Berger & Grossmann LLP. ... Bank of America/Merrill Lynch ($2.4 billion); JPMorgan Chase–WorldCom ($2 billion); Nortel ($1.3 billion); and McKesson ($1.04 billion). ...

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Bank Of America-Merrill Lynch: A $50 Billion Deal From Hell

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Elizabeth Bernstein. Turning Points by Clare Ansberry. WSJ Puzzles. ... Bank of America-Merrill Lynch: A $50 Billion Deal From Hell ... Mergers often prove troublesome, but few have set the …

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FAQs about Bank of America/Merrill Lynch Merger Litigation | Bernstein … Coupon?

Did Bank of America make false statements about Merrill Lynch?

They accused the bank and its officers of making false or misleading statements about the health of Bank of America and Merrill Lynch and were planning to seek $20 billion if the case went to trial. Bank of America denied these allegations and agreed to pay the settlement as a way of eliminating extended litigation. ...

Did government officials in the bank of America Merrill Lynch merger outweigh concerns?

[S]ome have opined that government officials involved in examining the Bank of America Merrill Lynch merger—myself included—allowed concerns about systemic risk to our nation‟s financial system to outweigh concerns about potential harm to Bank of America and its shareholders. That simply did not happen. ...

When did Bank of America Buy Merrill Lynch & Co?

The company agreed to be acquired by Bank of America on September 14, 2008, at the height of the Financial crisis of 2007–2008, the same weekend that Lehman Brothers was allowed to fail. The acquisition was completed in January 2009 [ 2 ] and Merrill Lynch & Co., Inc. was merged into Bank of America Corporation in October 2013. ...

Why did Bank of America settle a class-action lawsuit?

Bank of America agreed to pay $2.43 billion to settle a class-action lawsuit with investors who owned or bought its shares when the bank purchased Merrill Lynch in 2008. Bank of America acquired Merrill Lynch in late 2008 during the financial crisis. ...

Why did Merrill Lynch acquire mortgage origination companies?

After entering the mortgage market by repackaging and selling home loans on the debt markets, Merrill Lynch acquired mortgage origination companies so collateral could be readily available. With AIG as its partner, Merrill Lynch became the largest issuer of CDOs. By the end of 2008, Merrill Lynch had issued CDOs worth $136 billion. ...

Did Bank of America settle a lawsuit over Merrill deal?

Zachery Kouwe, Bank of America Settles S.E.C. Suit Over Merrill Deal, N.Y. TIMES, Aug. 3, 2009, at B1. However, the federal district court disapproved the settlement and ordered the case for trial. Sec. Exch. Comm‟n v. Bank of Am. Corp., 653 F. Supp. 2d 507 (S.D.N.Y. 2009). ...