Relevant:
- Did The Government Ask Ken Lewis To Keep Quiet About Merrill Losses?
- Bank of America $2.4 Billion Settlement Approved by Judge
- Bank of America CEO Candidates ‘Tainted,’ Finger Says
- Mitt Romney Considering Infamous Ex-Merrill Lynch CEO To Replace Geithner
- Bank of America’s Lewis May Face SEC Probe on Merrill
2012-06-04 — dailyfinance.com
Top executives at Bank of America (BAC) did not tell shareholders just prior to a 2008 vote on its purchase of Merrill Lynch & Co that losses were mounting and expected to weigh down earnings for years, papers filed in private shareholder litigation show.
...
The papers, including sworn testimony from Lewis, were filed on Sunday night in class-action litigation accusing the second-largest U.S. bank of fraudulently misleading holders of shares and call options about Merrill's losses and bonus payouts.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.