BofA Investors Say Settlement Reached in Forex Class Action
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Bank of America Corp. investors say they’ve settled a lawsuit accusing the company of rigging prices in the foreign-exchange market.
The investors, several pension and hedge funds, didn’t reveal how much the bank would pay in a statement Thursday by their law firm, Scott & Scott, announcing the deal. JPMorgan Chase & Co. and UBS AG settled the same lawsuit earlier this year, agreeing to pay $99.5 million and $135 million, respectively.