NEW YORK -- A recently proposed $20 million settlement of shareholder claims by Bank of America Corp. (BAC) over its 2009 acquisition of Merrill Lynch is being challenged by a separate group of shareholders as too small.A federal judge in New York has ordered the Bank of America directors who were sued over the deal to defend the settlement in court on May 4, along with the lead shareholders they settled with.
BofA's $20M Settlement Faces Challenge
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