Immunomedics (IMMU +1.2%) moves up today after saying it's reached a $16.7M settlement through...

|By:, SA News Editor

Immunomedics (IMMU +1.2%) moves up today after saying it's reached a $16.7M settlement through securities watchdog FINRA with its former broker Bank of America (BAC). The settlement resolves allegations the drug company had made related to investments in auction rate securities, for which it accused BAML of making false representations or omissions.