BofA Dodges Merrill Investors' MBS Actions In 2nd. Circ.
By Max Stendahl ( December 4, 2012, 12:14 PM EST) -- The Second Circuit refused Tuesday to revive a pair of derivative actions that sought to force Bank of America Corp. to sue directors who oversaw subsidiary Merrill Lynch's ill-fated investment in subprime mortgages and mortgage-backed securities, agreeing with a lower court that the bank turned down the request in good faith....
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