Bank of America (BAC) has reached an agreement in principle to settle a proposed class action lawsuit on behalf of Jeffrey Epstein victims who accused the bank of aiding in the financier’s sex-trafficking, according to Bloomberg’s Bob Van Voris, citing a court record. The bank declined to comment, Bloomberg noted.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAC:
- Bank of America Says ‘Iran Conflict Not a Threat to Semiconductors,’ Raises Estimates
- Bank of America, Costco, Altria, IonQ, McDonald’s Shock Move
- Fund Managers Cut Semiconductor Exposure to Lowest Level Since 2012, But AMD Ownership Surges
- Mixed options sentiment in Bank of America with shares up 0.54%
- Airbnb Stock (ABNB) Drops after Announcing Surprise $2.5B Bond Sale