Bank of America settles $75 million Merrill Lynch employee lawsuit

B of A settles $75 million Merrill Lynch employees’ ERISA class-action lawsuit. New York, NY (JusticeNewsFlash.com)–Lawyers for the plaintiffs filed a lawsuit against Merrill Lynch & Company alleging violations of the Employee Retirement Income Security Act (ERISA), in federal court in November 2007. Lawyers for the wronged employees announced the settlement agreement, which was endorsed […]

Merrill Lynch traders bled $13.8 billion during final 2008 quarter!

Merrill Lynch trader hides $120 million loss while executives collect $3.6 billion. New York, NY (JusticeNewsFlash.com)–As reported by the New York Times, Bank of America, who acquired failing Merrill Lynch in December 2008, has stumbled upon serious financial and securities irregularities in Merrill Lynch trader’s accounts. Bank of America, headquartered in Charlotte, North Carolina, is […]