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.

Comments
Also by This Author
What's Hot
B2B Payments
No Apple Pay For Amex Corporate Users
B2B Payments
With New VC Dollars, GoCoin Pledges B2B Payments Push
Company Spotlight
Apple May Soon Hit Sale Of Billionth iOS Device
Mobile
Consumer Awareness Not Driving Apple Passbook, Digital Wallet Use
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
No Apple Pay For Amex Corporate Users
B2B Payments
With New VC Dollars, GoCoin Pledges B2B Payments Push
B2B Payments
Tipalti Lassos In $13 Million In Series B Funding
Cool
Is Mobile The Key To Better Loyalty Programs?
View All Articles ››