Home -> Law Blog Directory -> Loan Modification Blogs -> Mortgage Lender Implode-o-Meter

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Loan Modification

: Mortgage Lender Implode-o-Meter

Judge Approves $150M SEC-BofA Settlement

By Implode-Explode Heavy Industries

ADVERTISEMENTS

``In an order Monday, U.S. District Judge Jed S. Rakoff in Manhattan approved the pact but called the revised settlement "far from ideal." The judge rejected a $33 million settlement in September... In his order, the judge instructed the parties to include a provision in the revised settlement that the $150 million be distributed to shareholders harmed by the alleged nondisclosures--namely legacy Bank of America shareholders and not to Merrill Lynch shareholders who now own Bank of America stock or bank officers or directors who had access to the information. ''

Full post as published by Mortgage Lender Implode-o-Meter on February 22, 2010 (boomark / email).

Lawsuits and Settlements

Baltimore Strip Search Class Action
Judge Gives Go-ahead

Canceled Insurance
Judge orders Health Net Inc. to pay $9 million settlement after terminating a policyholder's policy after being diagnosed with breast cancer.

Labor and Delivery
Judge awards mother $6 million medical malpractice settlement after baby was born with brain injuries.

Airborne Settlement
Company agrees to pay consumers $23.3 million class action settlement for false advertising.

Shareholder Settlement
R&G Financial Corporation agrees to $39 million securities fraud class action settlement.

Teen Driver Wins Suit
Convenience stores to pay six-figure settlement to underage alcohol buyer in accident settlement.

Related Searches