The Sec Announces the Creation of a $150 Million Bank of America Corporation Fair Fund
U.S. Newswire › September 01, 2010
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Summary
WASHINGTON, Sept. 1 /PRNewswire-USNewswire/ -- A New York federal judge gave final approval to Bank of America Corporation's Settlement with the U.S. Securities and Exchange Commission. Pursuant to the settlement, Bank of America has paid $150 million into a "fair fund" to be distributed to shareholders. The SEC claimed the company failed to properly disclose employee bonuses and financial losses at Merrill Lynch before shareholders approved the merger of the companies in December 2008.
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The Sec Announces the Creation of a $150 Million Bank of America Corporation Fair Fund
You are included if you had Bank of America common stock ("BAC") ...
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