Judge Overturns Bank Of America-SEC Settlement Over Merrill Bonuses

Huffington Post by Stephen Bernard | Sep. 14, 2009 (News Report)

A federal judge on Monday rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America Corp., saying the SEC's accusations of inadequate disclosure by the bank over bonuses paid at Merrill Lynch must now go to trial.

Separately, New York Attorney General Andrew Cuomo's office is preparing to file charges within the next couple of weeks against several high-ranking executives at Bank of America, claiming they ... Full Story »

Posted by Dwight Rousu - via Tom Friedman

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Subjects: Business, U.S., Politics
Topics: Finance, Law Enforcement, Money and Politics
Member Tags: Corruption in the Executive Branch
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Posted by: Posted by Dwight Rousu - Sep 14, 2009 - 10:38 AM PDT
Reviewed by: Dwight Rousu (review), Tanya J. Maurer (review)
Content Type: Article
Edit Lock: This story can be edited
Edited by: Dwight Rousu - Sep 15, 2009 - 1:45 AM PDT
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3.8
 by Dwight Rousu - Sep. 15, 2009

Kudos to Judge Jed Rakoff.

Dwight posted this story.
See Full Review » (12 answers)
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3.6
 by Tanya J. Maurer - Sep. 15, 2009
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