Office of the General Prosecu1000tor”s Office in New York State to file a civil suit against the largest U.S. commercial bank Bank of America (BofA) and its former CEO Ken Lewis. New York prosecutors accused BofA of deceiving investors in the history of the scandalous purchase of investment bank Merrill Lynch in late 2008, reports Associated Press.

Recall that in early 2009 the Attorney General of New York Andrew Cuomo accused the Bank of America in deliberate silence about the problems at Merrill Lynch buying the company. BofA agreed to acquire Merrill Lynch in autumn 2008, in the midst of the global financial crisis. The deal was officially closed on Jan. 1, 2010, however, as it turned out, shortly before the Merrill Lynch executives were paid annual bonuses totaling 3.6 billion dollars, with this in the IV quarter of 2008, Merrill Lynch has suffered losses of 15, $ 4 billion, which were passed on to the shoulders of BofA.
Circumstances

buying Merrill Lynch outraged shareholders Bank of America, the American public and regulators. In 2009, the Commission on the Securities and Exchange Commission (SEC) filed a lawsuit against BofA, accusing the company of misleading investors in the introduction concerning bonuses in Merrill Lynch. Bank of America settled the SEC claims out of court, paying $ 33 million fine. SEC, however, this was not reassured: last month against BofA was brought up a new business, focusing on a multibillion-dollar losses Merrill Lynch before the deal with BofA.

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USA: sold cleaned