BofA Gets Amnesty In DOJ Bond Probe

Law360, New York (February 9, 2007, 12:00 AM EST) -- Bank of America Corp. has entered into a leniency deal with the U.S. Department of Justice as part of the agency’s investigation into anti-competitive bidding activities in the municipal bond sector.

The agreement, which was disclosed Friday, protects the bank from criminal antitrust charges by the DOJ in exchange for cooperating with the agency.

The Charlotte, N.C.-based bank said it was the only company to gain amnesty because it voluntarily approached the DOJ with information about bidding activities in the bond sector before the government launched...
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