
In a case brought on behalf of state pension funds in Oregon and Maine as well as other investors, Bank of America agreed to pay $500 million to settle allegations that its subsidiary Countrywide Financial Deceived/Defrauded investors into buying risky mortgage-backed securities. For more info visit https://www.doj.state.or.us/media-home/news-media-releases/record-setting-securities-settlement-in-countrywide-lawsuit-will-partially-repay-oregon-other-trust-funds/