Merrill Lynch http://wfae.org en BofA Pays $2.4 Billion To Settle Lawsuit Over Merrill Lynch Deal http://wfae.org/post/bofa-pays-24-billion-settle-lawsuit-over-merrill-lynch-deal <p>Bank of America is paying $2.4 billion to settle a lawsuit over its acquisition of Merrill Lynch. Shareholders accused the Charlotte-based bank of lying about the shape both companies were in at the time of the deal.</p><p>The bank’s then-CEO Ken Lewis raved about buying Merrill Lynch in 2008.</p><p>“Acquiring one of the premier wealth management, capital markets and advisory companies is a great opportunity for our shareholders,” Lewis <a href="http://mediaroom.bankofamerica.com/phoenix.zhtml?c=234503&amp;p=irol-newsArticle&amp;ID=1390130&amp;highlight=">said </a>at the time.</p> Fri, 28 Sep 2012 20:44:32 +0000 Michael Tomsic 12832 at http://wfae.org BofA Pays $2.4 Billion To Settle Lawsuit Over Merrill Lynch Deal