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Description:  Bank of America announced on Friday that it would pay $2.43 billion to settle a class action lawsuit related to its acquisition of Merrill Lynch, as the legal woes continue for the financial institution.

Source: NYTimes.com

Date: Sep 28, 2012

Link:  http://dealbook.nytimes.com/2012/09/28/bank-of-america-to-pay-2-43-billion-to-settle-class-action-over-merrill-deal/?ref=business

Questions for Discussions:

  • What lessons are there to be learned here for investors and managers?
  • Does the settlement suggest the stock is a good buy today?
  • Do you believe management can regain investor confidence after this settlement?

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