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BofA wins settlement over Merrill Lynch

Bank of America (BAC) won a federal judge’s approval for a $2.43 billion settlement with investors who said the company hid crucial () when it purchased Merrill Lynch.

The settlement was “fair, reasonable and adequate,” said U.S. District Judge Kevin Castel who approved the accord. 

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TheGathering2024-AJ-1341
Kristen Sieffert leads the reverse mortgage presence at The Gathering 

FOA’s president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.

3d rendering of a row of luxury townhouses along a street

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