BAC Settles MERS Lawsuit With Bond Holders

MBS Bond Holders Sued BAC Over BAC’s Dependence On MERS And Sub-Prime Mortgages Bank of America Corp has reached a $335 million settlement with the Pennsylvania Public School Employees’ Retirement System and disgruntled shareholders accusing it of misleading shareholders. Shareholders allege BAC exposed them to risky mortgages because of BAC’s dependence on the often unreliable MERS database. […]