[JURIST] Bank of America (BOA) [corporate website] announced Friday that it has agreed to pay $2.43 billion [press release] to settle a class action lawsuit with investors over its $18.5 billion acquisition of Merrill Lynch [corporate website] in January 2009. Investors alleged that BOA failed to disclose information about Merrill and made misrepresentations about Merrill's financial health. BOA stated that it denied these allegations but chose to settle because it was in the best interests of its shareholders to avoid...

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