BofA's Merrill Wins Takefuji Case on Appeal to Japan's Top Court

  • U.S. firm doesn't need to pay 14.5 billion yen in compensation
  • Final court decision on Merrill's role in Takefuji bond deal

Bank of America Corp.’s Merrill Lynch units won a case on appeal to Japan’s highest court against a ruling that they must pay damages to failed consumer lender Takefuji Corp. for their role in a bond transaction.

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