Investors Weren't Misled On Merrill Bonuses: BofA

Law360, New York (August 25, 2009, 5:42 PM EDT) -- In defending a proposed $33 million settlement with the U.S. Securities and Exchange Commission in a suit over executive bonuses, Bank of America Corp. is arguing that it never lied to shareholders about its acquisition of Merrill Lynch & Co.

In memorandums filed Monday in the U.S. District Court for the Southern District of New York, BofA and the SEC sought to provide Judge Jed S. Rakoff the information he requested in order to approve the deal.

The SEC announced its suit against and settlement with...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.