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Legal dividends

7 May 2013 By Agnes T. Crane

Agreeing to resolve disputes over losses from old toxic sludge cheered shareholders on both sides. BofA is forking out $1.7 bln, but added $6.9 bln of market value. MBIA scored $900 mln of extra equity on top of BofA’s check. Leaving the crisis behind can still yield dividends.

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