BOA Directors Reach $62.5M Settlement For Merrill Lynch Acquisition
Bank of America directors have reached a $62.5 million settlement with investors over the company's acquisition of Merrill Lynch, according to a Reuters article citing a source familiar with the situation.
"We support the terms of the settlement, and are gratified that the matter has been resolved," Bank of America said in a statement.
The original size of the settlement was slated at $20 million.
Please send all press releases and story ideas to Ben Carsley at firstname.lastname@example.org.