BoFA Unit Gets Wells Notice In Bond Bidding Probe

Law360, New York (February 29, 2008, 12:00 AM EST) -- Bank of America Corp. divulged Thursday that, despite its agreement to cooperate with the U.S. Department of Justice, one of its units may still be under scrutiny in a federal investigation into anti-competitive activities among bidders for municipal bond derivatives.

More than a year ago, the corporation entered into an agreement with the DOJ that largely shields it from civil and criminal penalties as long as it cooperates with the investigation.

However, in February the Bank of America NA unit received a Wells Notice notifying it...
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