We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
Yesterday, the New York State Comptroller, Thomas P. DiNapoli, announced that, in his capacity as trustee of the New York State Common Retirement Fund, he had filed separate lawsuits against Bank of America and Merrill Lynch
On February 4, New York Attorney General Andrew Cuomo, joined by Neil Barofsky, the special inspector general of the Troubled Asset Relief Program, announced civil fraud charges against Bank of America, former Chief Executive Officer Kenneth Lewis and former Chief Financial Officer Joe Price for failing to disclose material information to shareholders prior to their vote to approve the merger with Merrill Lynch
On Tuesday, the SEC announced that it had filed a complaint in the Southern District of New York charging Bank of America with violating the federal proxy rules by failing to disclose extraordinary financial losses at Merrill Lynch prior to a BofA shareholder vote to approve a merger between the two companies
On March 9, U.S. District Court Judge Andrew Guilford dismissed with prejudice a securities fraud complaint against Impac Mortgage Holdings, Inc., an Orange County lender that specialized in “low documentation loans.”
