A $193 million settlement may be close for thousands of PNC Financial Services Group shareholders who joined a class-action lawsuit stemming from a 2001 accounting scandal.
A federal judge will have to approve an agreement between the investors' lawyers and the bank that would add $36.6 million to an already-created $154.4 million restitution fund. Another lawsuit is pending against Big Four firm Ernst & Young, which reviewed the bank's controversial loan sales.
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