Bank of America kicked off a nasty turf war earlier this year when it agreed to pay $20 million to settle derivative claims related to the bank's acquisition of Merrill Lynch. The proposed settlement, reached in federal court in New York, stands to wipe out a parallel case in Delaware Chancery Court brought by a different plaintiffs group. That isn't sitting well with the plaintiffs lawyers leading the Delaware litigation, who have one last shot at scuttling the deal before U.S. District Judge P. Kevin Castel of the Southern District of New York approves it.
Delaware Plaintiffs Urge Judge to Undo $20 Million BofA Directors' Deal
Delaware Business Court Insider
December 5, 2012
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