Ex-BofA GC Let Go To Keep Moynihan: SEC

Law360, New York (February 17, 2010, 5:26 PM EST) -- The former Bank of America Corp. general counsel who was terminated five days after shareholders approved the company's merger with Merrill Lynch & Co. Inc. was let go not because of his job performance but to stop Brian Moynihan — then the head of global corporate and investment banking and now the company's CEO — from leaving, the U.S. Securities and Exchange Commission claims.

In a supplemental statement of facts filed Thursday in its U.S. District Court for the Southern District of New York case against...
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