BofA Will Pay $180M To Settle Forex Class Action

…but they didn’t screw over any homeowners, right? Just rigged trillion$ in other ventures…but not mortgages, right? Oh, give me a break! Judicial incompetence / Judicially unbalanced.

Justice League

Law360, Los Angeles (April 29, 2015, 8:27 PM ET) — Bank of America Corp. will pay $180 million to settle claims in an antitrust class action alleging it was part of a conspiracy to rig the approximately $5 trillion-per-day foreign exchange market, according to a Wednesday securities filing.

The Charlotte, North Carolina-based bank said in a 10-Q form that it would use its existing reserves to cover the cost of settling the suit and that the deal is subject to court approval. Bank of America announced the settlement on Apr. 16 but didn’t disclose the amount…

Source: Law360

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