LOKEN, Circuit Judge.
On September 30, 1998, BankAmerica and NationsBank merged to form Bank of America Corporation (the "Bank"). Fifteen days later, the Bank disclosed a $372 million charge-off and the likelihood of substantial additional losses arising out of BankAmerica's $1.4 billion loan to hedge fund operator D.E. Shaw, Inc. ("Shaw"). Securities law class action suits were then filed and consolidated in the Eastern District of Missouri, and the district court...
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