Merrill Lynch Pays $28 Million in Websense Buyout Settlement

  • Bank of America unit accused of tainting deal with conflicts
  • Vista Equity Partners bought Websense in 2013 for $906 million

Bank of America Corp’s Merrill Lynch unit agreed to pay $28 million to settle claims it tainted the sale of a maker of website-filtering software to a private-equity firm because of undisclosed conflicts of interest.

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