Bank of America Corporation (NYSE:BAC): Current price $12.15
The corporation’s Merrill Lynch division has been sued by a trust wanting over $309 million in damages for alleged breaches of representations and warranties connected with the sale of more than 5,000 mortgages. Charges were filed Friday in New York State Supreme Court in Manhattan, accusing Merrill Lynch Mortgage Lending of failing to repurchase loans, as required by agreements made in 2007.
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