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Pennsylvania Public School Employees' Retirement System v. Bank of America Corp.

S.D.N.Y.December 27, 2016No. 11cv733 (WHP)Cited 6 times
SettlementBank of America Corp.$335,000,000 awarded

Case Details

Judge(s)
III
Status
Published
Procedural Posture
consent decree
Circuit
2nd Circuit

Related Laws

No specific laws identified for this ruling.

Outcome

Court approved a $335 million settlement of a securities class action involving Bank of America's misleading statements regarding MERS and mortgage-backed security repurchase exposure during the 2008 financial crisis. The settlement was found fair, adequate, and reasonable under applicable law.

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