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related to those swap agreements for (i) aiding and abetting breaches of fiduciary duty on the theory that <br />the swap counterparties encouraged the Commonwealth to pass legislation allowing the swaps and then <br />encouraged the Commonwealth to enter into the swaps in connection with bonds they underwrote, and <br />(ii) unjust enrichment based on termination fees the swap counterparties received. <br />In addition, MBIA Insurance Corporation and National Public Finance Guarantee Corporation have <br />brought lawsuits in a local court in Puerto Rico against Merrill Lynch and certain affiliates and 8 other <br />underwriters for one or more bonds issued from 2001 to 2007 by the Commonwealth of Puerto Rico and <br />its agencies. The plaintiffs allege that they were induced to insure the bonds based upon defendants <br />assurances that they had reasonably investigated the statements in the Official Statements and that the <br />underwriters had a reasonable basis for believing that the statements were true and complete. The <br />complaint is based on 2 equitable doctrines of Puerto Rican law: Doctrina de Actos Propious (i.e., "doctrine <br />of own acts," which protects a third party who relies in good faith on the veracity of manifestations or <br />actions of another); and Unilateral Declaration of Will (i.e., the creation of an obligation through a <br />unilateral act in the form of a concrete promise on which others are intended to rely). <br />BofA Securities' registered officers and employees make required disclosures in their Form U-4, which are <br />filed with FINRA pursuant to a directive from the SEC. These Form U-4 filings are publicly available on the <br />FINRA BrokerCheck system at http://brokercheck.finra.org. <br />BofA SECURITIES ��IV- <br />