Bank of America settles Enron case
Bank of America (BoA) has agreed to pay $69 million as part of an agreement to settle a class action lawsuit brought on behalf of purchasers of Enron securities and led by the Regents of the University of California (UC).
“Bank of America’s payment represents more than 50% of its potential damage exposure for the debt offerings sued for in this case,” said William Lerach, of
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