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New York AG Goes After Bank of AmericaQuicklink Submitted By Sheila Samples No comments
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| Cuomo's office claims Bank of America purposely misled shareholders about the more than $15 billion in losses Merrill recorded in the fourth quarter of 2008 to get the deal completed. Bank of America also hid $3.6 billion in year-end bonuses Merrill employees received as it asked its share holders to approve the deal, the suit alleges. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
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