Uncategorized

Class-action suit of Bank of America is Successful

Bank of America investors might be seeing some cash, as the class-action law suit against the company regarding the 2008 purchase of Merrill Lynch & Co is successful.

Investors were weary of lack of transparent in the takeover purchase of Merrill Lynch & Co, especially the $3.6 billion bonuses to Merrill Lynch employees and the burgeoning losses which reached $15.84 billion in the forth quarter of 2008.

To Top