BOA Directors Reach $62.5M Settlement For Merrill Lynch Acquisition

What's Next In Payments®
7:27 PM EDT January 13th, 2013

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.

Read the full story here.

Also by This Author
What's Hot
Square Launches Register App Platform
Etsy Debuts mPOS Solution
Merchant Innovation
Ron Johnson’s New Company To Focus On Shopper Decisions
B2B Payments
WEX and Sinclair Oil Strike Long Term Contract
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Merchant Innovation
Apple Pay Launch Week By The Numbers: 46B, 58M and 1
B2B Payments
Tungsten Spent $6.5 Million for DocuSphere
Company Spotlight
Inside the Future of Commerce, Post Apple Pay
Alternative Financial Services
Death Threats, Fraudsters and Lawsuits
View All Articles ››