New York attorney general's office has subpoenaed Bank of America
This is a discussion on New York attorney general's office has subpoenaed Bank of America within the Civil Litigation forum, part of the ATTORNEYS, COURTS, LITIGATION category; The New York attorney general's office has subpoenaed Bank of America Corp. seeking the names of Merrill Lynch executives who ...
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The New York attorney general's office has subpoenaed Bank of America Corp. seeking the names of Merrill Lynch executives who received $3.6 billion in year-end bonuses, after Chief Executive Ken Lewis failed to provide those details during a lengthy deposition Thursday evening.
Lewis, who traveled to New York on the company's corporate jet, said that he "answered the questions that were asked to the best of my knowledge." Lewis' deposition was part of an ongoing investigation by New York Attorney General Andrew Cuomo into the timing of Merrill Lynch's bonuses and whether proper disclosure was made to shareholders about the size of the bonuses. They were granted just before Bank of America's acquisition of Merrill closed, and as that bank was seeking additional government aid on top of $25 billion it had already received. Lewis' use of the company aircraft seemed surprising since it comes at a time when bailed-out banks have faced heavy scrutiny over executives' use of such perks. |
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This the hot news in NY and many people got some problems over the law services. So people who are looking for the best attorney services can post their request
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