BOFA MERRILL UNIT IN 315 MILLION MORTGAGE SETTLEMENT

December 6, 2011

(Reuters) - Bank of America Corp agreed to pay $315 million to settle claims by investors who said they were misled about mortgage securities offerings by its Merrill Lynch unit. It is one of the largest settlements for investors claiming that banks misrepresented the quality of mortgage-backed securities they sold. The proposed settlement, which requires court approval, was filed late Monday ...



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