Home

New Charges Filed against Bank of America
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Yesterday we updated you on the ongoing case filed by the SEC against Back of America stemming from the merger between Bank of America and Merril Lynch. The case stems from the failure of BofA to notify stockholders of bonuses paid to Merril executives shortly before the merger and the courts rejection of the $33 million dollar settlement.

Yesterday the court rejected the SEC’s request to amend the complaint to add an additional count but left open the option to file it separately, and today the SEC did just that. The SEC is alleging that Bank of America should have disclosed Merril’s $4.5 billion loss in October, 2008, and additional losses in November to its shareholders prior to voting on the merger.

The trial for the original complaint is set to begin in March, and the second trial may start as soon as this summer.

  
What
Where




 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking a mid-level litigation attorney with experience taking/defending dep...

Apply Now

Mid-level Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking a support attorney with some experience/familiarity with a litigatio...

Apply Now

Patent Prosecution Attorney

USA-MI-Northville

Northville office of our client seeks patent prosecution attorney with 5 years of experience. The ca...

Apply Now

Attorney

USA-WV-Wheeling

Wheeling office of our client seeks attorney preferably with 1-3 years of WV litigation experience. ...

Apply Now

RELEVANT JOBS

Attorney - Insurance Defense

USA-GA-Atlanta

Downtown litigation law firm seeks associate with 3 to 5 years of experience in insurance defense, i...

Apply now

Legal Secretary-Cannabis Law Firm

USA-MI-Lansing

Vora, PLLC. Is accepting applications for a Legal Secretary or Paralegal. We are a cannabis law firm...

Apply now

Paralegal- Cannabis Law Firm

USA-MI-Lansing

Vora, PLLC. Is accepting applications for a Paralegal or Legal Secretary. We are a cannabis law...

Apply now

Legal Administrative Assistant

USA-CA-Sacramento

Under the general direction of the supervising attorney(s) and according to established Firm policie...

Apply now

SEARCH IN ARCHIVE

To Top