Allstate Corp. (ALL) agreed to end a 2011 lawsuit against Bank of America Corp.'s (BAC) Merrill Lynch unit concerning mortgage-backed securities, Bloomberg News reported Wednesday, citing a New York court filing.

Allstate had claimed Merrill Lynch sold Allstate securities that were riskier than promised, Bloomberg reported.

Settlement terms weren't disclosed, according to the report.

Allstate also settled a 2010 case it filed against Bank of America's Countrywide unit over mortgage-backed securities, Bloomberg reported, citing a Los Angeles court filing.

Full story at http://www.bloomberg.com/news/2014-04-09/allstate-merrill-lynch-to-end-167-million-mortgage-suit.html

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