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File photo of the Bank of America logo. (credit: MARK RALSTON/AFP/Getty Images)

Bank Of America To Settle Mortgage Investors’ $500M Class-Action

Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008. The announcement came as the nation’s second biggest bank reported higher net income for the first quarter, but missed analysts’ expectations.

04/17/2013