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Browse: Home / 2013 / April / 17 / BofA in $500 mln settlement with mortgage investors

BofA in $500 mln settlement with mortgage investors

By Securities Docket on April 17, 2013, 10:40 am

Bank of America Corp has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage securities.

The settlement requires the court approval, and is the largest accord to date resolving a federal securities class-action case over mortgage-backed securities, lawyers for the plaintiffs said on Wednesday.

via BofA in $500 mln settlement with mortgage investors — Reuters

Posted in Class Actions, Top | Tagged Mortgage-Backed Securities, Settlements

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