Bank of America to pay $315 million to settle investor claims of deception

[JURIST] Bank of America (BOA) [corporate website] agreed Monday to pay $315 million in a settlement of claims brought by investors alleging they were misled with respect to mortgage-backed investments. Court papers disclosing the settlement agreement [AP report] were filed in the US District Court for the Southern District of New York [official website]. The claims were a part of a class action lawsuit led by the pension fund of the Public Employees’ Retirement System of Mississippi [official website], which…