Bank of America has agreed to pay $33m for charges of allegedly misleading investors about billions in bonuses it agreed to pay Merrill Lynch executives when it was on the verge of acquiring Merrill for $50bn in a 2008 merger, reports the New York Law Journal.
The payment settles a civil suit filed in the Southern District of New York by the Securities and Exchange Commission (SEC)."
The payment settles a civil suit filed in the Southern District of New York by the Securities and Exchange Commission (SEC)."
No comments:
Post a Comment