NEW YORK (

TheStreet

) --

Bank of America

(BAC) - Get Report

settled securities fraud claims with an investor group that included the

California Public Employees Retirement System

,

BlackRock

(BLK) - Get Report

,

T Rowe Price

(TROW) - Get Report

and

TIAA-CREF

according to a

Bloomberg News

report.

The claims were made against Countrywide, which Bank of America acquired in 2008. The investor plaintiffs, who had opted out of a $624 million class action settlement in 2010, accused Countrywide of misleading shareholders about its finances and lending practices, according to the

Bloomberg

report.

A confidential settlement has now been reached with all the defendants in the U.S. District court case except former Countrywide auditor

KPMG

, the article states.

Bank of America has incurred $3.84 billion in litigation so far in 2011, according to a Deutsche Bank report. An email message to a Bank of America spokeswoman was not immediately returned.

--

Written by Dan Freed in New York

.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.