Bank of America's corporate center in Charlotte, N.C. Scott Olson/Getty Images hide caption toggle caption Scott Olson/Getty Images The Two-Way Bank Of America To Pay $2.43 Billion To Settle Class Action Lawsuit September 28, 2012 Disgruntled investors alleged that the bank misled them about its acquisition of Merrill Lynch. The bank has not admitted doing anything wrong, but is moving to put the lawsuit behind it.