Description:Â 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.
Date: Sep 28, 2012
Questions for Discussions:
- What lessons are thereÂ to be learnedÂ 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?