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Cuomo Files Charges Against B of A, Ex-Officials Over Merrill Merger

AG claims B of A misled shareholders and the federal government about Merrill employee bonuses and financial losses


By Lynn Hume, The Bond Buyer

February 4, 2010

New York Attorney General Andrew Cuomo, joined by Neil Barofsky, the special inspector general of the Troubled Asset Relief Program, has filed civil charges against Bank of America, its former CEO Kenneth Lewis and its former CFO Joseph Price for allegedly duping shareholders and the federal government to facilitate the merger with Merrill Lynch.

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