Rolfe Winkler

Andrew Cuomo subpoenas Tommy Franks

September 16, 2009

From WSJ:

New York Attorney General Andrew Cuomo subpoenaed five Bank of America Corp. board members to testify under oath as part of his investigation into the bank’s purchase of Merrill Lynch & Co., according to a person familiar with the investigation.

Will Judge Rakoff call another hearing?

September 9, 2009

The latest briefs are in in the SEC/Bank of America case and it’s more of the same. BofA claims it didn’t mislead investors because they should have known Merrill’s people would be bonused. The SEC says that’s ridiculous, that the disclosure statement laying out the bonuses should have, ya know, been disclosed. The fact that it wasn’t means BofA misled shareholders.