bank of america merrill lynch

B of A to Pay $2.43 Billion to End Lawsuit Over Merrill Lynch

Bank of America has agreed to pay $2.43 billion to settle a class-action shareholder lawsuit related to its acquisition of Merrill Lynch. Plaintiffs alleged that Bank of America and some of its officers made false or misleading statements about both companies' financial health ahead of the deal.

BofA Accused of Hiding Merrill Lynch Bad News Before Buyout

Top executives at Bank of America did not tell shareholders just prior to a 2008 vote on its purchase of Merrill Lynch that its losses were mounting, papers filed in shareholder litigation show. But the bank says it should not be liable to shareholders in the matter.

Has WikiLeaks Rumor Made Bank of America a Buy?

When WikiLeaks founder Julian Assange asserted that his next big leak would involve documents from a major unnamed bank, investors in Bank of America got nervous and the stock has been on bumpy ride. The question now is: Have the WikiLeaks worries made BofA shares a better buy?

Legal Briefing: BofA/Merrill Lynch Lawsuit Moves Ahead

The SEC settled its case against Bank of America for failing to disclose Merrill Lynch's losses and bonus plans before their merger, but BofA shareholders are still seeking justice. On Friday, a judge refused to dismiss their claims, meaning they'll get their chance at a trial.

BofA Analysts Cut Rating for Amazon Stock on Growth Prospects

Bank of America Merrill Lynch equity analysts cut their rating for Amazon%u2019s stock to "neutral" from "buy", saying that growth for the online retailer is slipping. Analysts expect growth to weaken starting the in the third quarter, Reuters reported. Growth could be down as much as 28% in the fourth quarter, after adjusting for foreign exchange rates.