The U.S. Justice Department has announced that Bank of America will spend $335 million to resolve the largest-ever fair lending suit over allegations that Countrywide Financial systematically discriminated against qualified black and Hispanic borrowers, charging them higher fees and interest rates. The Justice Department also said Countrywide steered 10,000 homeowners into risky subprime loans despite their qualification for prime loans.

Kessler Topaz and Prickett Jones have won a 15 percent fee for their work on a shareholder derivative suit that resulted in a $1.9 billion judgment against Grupo Mexico.

One of the largest settlements drafted by the bankruptcy trustee for Scott Rothstein’s defunct law firm appears to have fallen through. Trustee Herbert Stettin filed court papers Wednesday terminating the settlement with feeder fund operator George Levin, valued at $10 million to $80 million.

Miami Beach financier Ira Sochet, the second largest investor in Scott Rothstein’s Ponzi scheme, has agreed to settle with the defunct Rothstein law firm’s bankruptcy trustee for $25 million. If approved in court, the agreement would be one of the largest settlements to date in the case.

GlaxoSmithKline has announced a $3 billion agreement in principle to settle federal probes into its drug sales and marketing practices and alleged overbilling of Medicaid. If the deal is finalized, it would be the largest health care industry settlement ever secured by the Justice Department.