Law360, New York (April 06, 2009, 12:00 AM ET) -- Rep. Dennis Kucinich, D-Ohio, called Monday for a U.S. Securities and Exchange Commission inquiry into $3.62 billion in bonus payments for Merrill Lynch & Co. Inc. executives, questioning whether Bank of America Corp. officials withheld from shareholders information about the payouts to bolster support for the bank's acquisition of Merrill.
Kucinich sent a letter to SEC Chairwoman Mary Schapiro, requesting a formal investigation into whether Bank of America violated the Securities Act of 1934 by failing to disclose to the Merrill bonus information before shareholders voted...
Kucinich Demands SEC Probe Into Merrill Bonuses
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