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Cuomo Subpoenas Thain In Merrill Lynch Bonus Probe

Law360 (January 27, 2009, 12:00 AM EST) -- New York Attorney General Andrew Cuomo announced Tuesday that he has subpoenaed recently ousted Merrill Lynch & Co. Inc. CEO John Thain as part of a probe into last-minute bonuses the investment bank issued just days before it merged with Bank of America Corp.

Cuomo said his office had issued subpoenas seeking testimony from Thain, as well as from BofA Chief Administrative Officer J. Steele Alphin, as part of an ongoing inquiry into executive compensation issues at institutions that have received funds from the U.S. government's...
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