The case, filed in late 2007, was one of the first major lawsuits related to the toxic investments that fueled the financial crisis in 2008. It’s also among the biggest proposed settlements of any crisis-related case.
In a statement, the bank said it is “pleased to put this matter behind us.” It called the proposed settlement “a significant step” toward resolving the reams of litigation it faces as a result of the financial crisis.
TECHNOLOGY
Samsung reveals new Galaxy Note II
NEW YORK | Samsung is announcing a new version of the Galaxy Note, an offbeat, oversized smartphone that’s become a surprise hit.
Samsung, the world’s largest maker of phones, is revealing the Galaxy Note II at a trade show in Berlin. The 5.5-inch screen is narrower but longer than on the first version. The processor is faster, and the software has been further adapted for the included stylus — the phone’s signature feature.
From wire dispatches and staff reports
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By John Solomon
How the government's punishing of the exposure of official wrongdoing can linger for years
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