Bank of America (BAC) has won federal judge's approval for a $2.43B settlement with investors...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America (BAC) has won federal judge's approval for a $2.43B settlement with investors who said the lender hid crucial information when it bought Merrill Lynch in a $50B all-stock deal in September 2008. The settlement, which is among the largest stemming from the global financial crisis, culminated from what the judge referred to as "extraordinarily hard-fought litigation."