NY AG Requests Merrill Bonus Order Be Overturned
By THE ASSOCIATED PRESS
CHARLOTTE, N.C. (AP) -- New York Attorney General Andrew Cuomo filed a request Wednesday asking a judge to end a temporary confidentiality order that keeps private the details of bonuses paid to Merrill Lynch & Co. employees just before the firm was sold to Bank of America Corp.
Cuomo also accused Merrill of ''misleading'' Congress about when it determined it would pay out $3.6 billion in bonuses.
A judge is scheduled to determine on Friday if a temporary order that keeps individual bonus information confidential should be made permanent.
Bank of America was not immediately available to comment.
(More here.)
CHARLOTTE, N.C. (AP) -- New York Attorney General Andrew Cuomo filed a request Wednesday asking a judge to end a temporary confidentiality order that keeps private the details of bonuses paid to Merrill Lynch & Co. employees just before the firm was sold to Bank of America Corp.
Cuomo also accused Merrill of ''misleading'' Congress about when it determined it would pay out $3.6 billion in bonuses.
A judge is scheduled to determine on Friday if a temporary order that keeps individual bonus information confidential should be made permanent.
Bank of America was not immediately available to comment.
(More here.)
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