Dutch Pension Fund Takes Aim At BofA, Merrill Deal
Stichting Pensioenfonds ABP filed the case Tuesday in the U.S. District Court for the Southern District of New York, alleging that BofA "negligently failed" to disclose billions of dollars in bonuses to Merrill employees, inadequate due diligence and "massive" fourth-quarter losses at Merrill.
The Heerlen, Netherlands-based pension fund alleged that BofA omitted the...
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