BofA Agrees To Pay $335M To End Mortgage-Tracking Claims

Law360, Los Angeles (October 30, 2015, 10:07 PM ET) — Bank of America Corp. has agreed to pay $335 million to settle a class action accusing it of intentionally misleading investors about widespread issues with its system for keeping track of mortgages, the bank disclosed in a securities filing Friday.

Bank of America says it has reached a $335 million settlement of claims of misleading mortgage investors. (Credit: AP) The bank said in a 10-Q form that it had reached an agreement with the Pennsylvania Public School Employees’ Retirement System, the lead plaintiff in the suit…

Source: Law360

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