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BofA Execs Hit with Civil Charges

In the wake of the bank's proposed settlement with the SEC, a new suit by the New York Attorney General accuses former CFO Joe Price and ex-CEO Ken Lewis of concealing the meltdown at acquisition target Merrill Lynch.

February 4, 2010

On the same day that New York Attorney General Andrew Cuomo filed a civil fraud suit against Bank of America and its former chief executive Ken Lewis and former CFO Joe Price, the Securities and Exchange Commission sought federal court approval for a settlement with BofA on charges tied to the bank's acquisition of Merrill Lynch. Read more...

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