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Tagged: Lawsuit

Local News
4:24 pm
Mon October 8, 2012

Charlotte Observer: CMS settles Leardini case for $680,000

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By Ann Doss Helms/The Charlotte Observer

Charlotte-Mecklenburg Schools has agreed to pay former teacher Jeffrey Leardini $680,000 to settle a lawsuit that brought him a jury award of $1.1 million. Leardini, a former sixth-grade teacher at Community House Middle School, contended he was improperly forced to resign in 2006, after five students accused him of improperly touching them.

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Local News
4:44 pm
Fri September 28, 2012

BofA Pays $2.4 Billion To Settle Lawsuit Over Merrill Lynch Deal

Bank of America
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Bank of America is paying $2.4 billion to settle a lawsuit over its acquisition of Merrill Lynch. Shareholders accused the Charlotte-based bank of lying about the shape both companies were in at the time of the deal.

The bank’s then-CEO Ken Lewis raved about buying Merrill Lynch in 2008.

“Acquiring one of the premier wealth management, capital markets and advisory companies is a great opportunity for our shareholders,” Lewis said at the time.

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