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Bank of America is one of the largest commercial and investment banks in the world.
Case description: Alleged failure to disclose to Bank of America shareholders Merrill Lynch’s $20 billion in losses prior to Bank of America’s shareholder vote.
Cypress was offered as a rebuttal expert with respect to Bank of America’s expert who claimed the long-term benefit of acquiring Merrill outweighed the costs. Cypress’ clients achieved a $2.43 billion settlement with Bank of America.