Bank of America settles mortgage suit for $315M

December 6, 2011 9:58:17 AM PST
Bank of America has agreed to pay $315 million to settle a mortgage lawsuit. It settles claims by investors that they were misled by poor quality mortgages. It's the latest attempt by the nation's largest bank to put its legal issues behind.

In the first half of the year, Bank of America put up nearly $13 billion to settle similar claims from different groups of investors.