X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

We’ve spilled barrels of virtual ink documenting Manhattan federal district court Judge Jed Rakoff’s problems with the SEC’s proposed $33 million settlement with Bank of America in the Merrill Lynch bonuses flap. (In case you’ve been hiding under a rock on Martha’s Vineyard, see here, here and here for our most recent coverage.) But lest you think that Rakoff is allergic to all deals involving BofA, we’re pleased to tell you that he has granted preliminary approval to the settlement of a securities class action BofA inherited when it acquired Merrill Lynch. The bank has agreed to pay $150 million to former Merrill Lynch investors who accused the erstwhile company of misleading them in connection with the sale of bonds and preferred stock. Here’s Rakoff’s order, and here’s The New York Times‘s story about the settlement.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.