SEC Asks For Jury Trial In Merrill Bonus Case

Law360, New York (October 7, 2009, 6:12 PM EDT) -- The U.S. Securities and Exchange Commission has asked for a trial by jury in its case against Bank of America Corp. over allegations that the bank lied to shareholders about bonuses authorized for Merrill Lynch & Co. Inc. executives as part of the companies' merger.

The request came in a motion filed Wednesday in the U.S. District Court for the Southern District of New York. The case is scheduled to open on March 1.

The SEC's motion was the latest salvo in the increasingly contentious litigation,...
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