Legal Opinion
In Re Bank of America Corp. Securities, Derivative, & Employee Retirement Income Security Act (ERISA) Litigation
District Court, S.D. New York
Decided August 27, 2010No. 09 MD 2058 (PKC)PublishedCited by 193 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
P. KEVIN CASTEL, District Judge:
Plaintiffs allege that, at the peak of the 2008 financial crisis, Bank of America Corporation (“BofA”) hastily agreed to the acquisition of Merrill Lynch & Co., Inc. (“Merrill”), just as Merrill was careening toward insolvency. Plaintiffs assert that in the days and months that followed, the defendants concealed and misstated critical aspects of the transaction, specifically matters related to bonuses, staggering losses accrued in the fourth quarter of 2008, and pressure to consummate the acquisition from officials at the Federal Reserve and…
2Cases cited113 opinions
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- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
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3Cited by193 opinions
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