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Archive Home > 2009 > September > 15 > Judge rejects, criticizes settlement

Judge rejects, criticizes settlement

Bank’s $33 million deal with SEC called ‘cynical’ by court

By Louise Story / The Bulletin
September 15, 2009

NEW YORK " A Federal District judge in Manhattan on Monday overturned a settlement between the Bank of America and the Securities and Exchange Commission over bonuses paid to Merrill Lynch executives just before the bank took over Merrill last year.

The judge said that Bank of America....

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