Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

BofA, Executives Face Civil Charges by Cuomo

Print comment Post Comments
WHEN IN DOUBT, BLAME THE LAWYERS
"New York Attorney General Andrew Cuomo filed civil securities fraud charges against former Bank of America CEO Kenneth Lewis and former Chief Financial Officer Joseph Price, alleging they decided not to disclose mounting losses at Merrill Lynch & Co. before getting shareholder approval to acquire the Wall Street firm," the WSJ reports. "Bank officials have maintained that they followed the advice of counsel in deciding whether to disclose losses prior to the vote, and that pre-vote losses weren't high enough to reveal."

TICKERS