Merrill, BofA Execs Targeted In Derivative Suit

Law360, New York (October 1, 2009, 5:10 PM EDT) -- Former Merrill Lynch & Co. Inc. President E. Stanley O'Neal and current Bank of America Corp. President Kenneth Lewis are among the defendants targeted in a derivative suit over Merrill Lynch's involvement in collateralized debt obligations secured by subprime mortgages and billions of dollars in bonuses that went to Merrill employees at the end of 2008.

The suit was filed in the U.S. District Court for the Southern District of New York on behalf of former Merrill shareholder and current Bank of America shareholder N.A. Lambrecht...
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