Judge says lawsuit over Merrill Lynch retirement accounts to be settled for $75 million

September 30th, 2009 Ohio AG takes lead role in Bank of America lawsuitCOLUMBUS, Ohio — Ohio has taken the lead role in an aggressive securities lawsuit alleging that Bank of America Corp. concealed billions of dollars in losses and bonuses paid during the bank's merger with Merrill Lynch.

September 22nd, 2009 Bank of America will give Congress more documentsWASHINGTON — Bank of America Corp. will hand over more documents to a congressional committee probing its hastily arranged acquisition of troubled brokerage house Merrill Lynch.

September 18th, 2009 Report: FBI, DOJ investigating BofA's Merrill dealCHARLOTTE, N.C. — The FBI and Department of Justice are conducting a criminal probe into Bank of America Corp.'s purchase of Merrill Lynch last year, the Charlotte Observer reported Friday.

September 16th, 2009 AP Source: NY AG subpoenas 5 BofA board membersNEW YORK — The New York Attorney General's office subpoenaed five members of Bank of America Corp.'s board Wednesday as part of an investigation into its acquisition of troubled investment bank Merrill Lynch & Co., according to a person familiar with the investigation. The directors are expected to be questioned about what they knew regarding the mounting losses and bonus payments at Merrill before the deal closed on Jan.

September 14th, 2009 Merrill Lynch settles Texas case for $12.7MAUSTIN, Texas — Merrill Lynch will pay the state of Texas $12.7 million to settle an investigation into the brokerage firm's marketing and sale of auction rate securities, state officials said Monday. Texas Securities Commissioner Denise Voigt Crawford announced the settlement.

September 14th, 2009 AP Source: Cuomo preparing charges against BofANEW YORK — The New York Attorney General's office is preparing charges against several high-ranking Bank of America executives over the bank's alleged failure to disclose details about its acquisition of Merrill Lynch, according to a person familiar with the investigation. Attorney General Andrew Cuomo's office is likely to file civil charges against the executives over their role in failing to alert shareholders to mounting losses as well as accelerated bonus payments at Merrill, said the person, who requested anonymity because no charges have been filed yet.

September 8th, 2009 Ohio AG says $475M Merrill Lynch settlement readyCOLUMBUS, Ohio — Ohio Attorney General Richard Cordray says $475 million in settlement money is ready for distribution to Merrill Lynch investors in Ohio and elsewhere. Cordray on Tuesday announced the completion of the financial company's settlement with the State Teachers Retirement System.

September 8th, 2009 NY AG asks BofA for more details on Merrill dealNEW YORK — Bank of America Corp. and the New York Attorney General's office are sparring again over the bank's acquisition of Merrill Lynch & Co.

September 8th, 2009 Merrill to pay $26.5 million to settle sales probeAUSTIN, Texas — The Texas state securities commissioner said Bank of America's Merrill Lynch unit will pay up to $26.5 million in a national settlement stemming from a Texas claim that the brokerage allowed unregistered salespeople to sell securities. Texas will receive $1.6 million in the settlement with Merrill Lynch, Pierce, Fenner & Smith Inc.

September 8th, 2009 Merrill to pay $26.5M to 7 states in sales probeAUSTIN, Texas — The Texas state securities commissioner said Bank of America's Merrill Lynch unit will pay up to $26.5 million to seven states in a settlement stemming from a Texas claim that the brokerage allowed unregistered salespeople to sell securities. Texas will receive $1.6 million in the settlement with Merrill Lynch, Pierce, Fenner & Smith Inc.

September 6th, 2009 Kuwait fund: No plans to sell Citi, Merrill stakesDUBAI, United Arab Emirates — Kuwait's sovereign wealth fund says it has no plans to sell off the stakes it took in Citigroup and Merrill Lynch because it has faith in the U.S. banks' long-term potential.

August 24th, 2009 BofA defends Merrill bonus settlementCHARLOTTE, N.C. — Bank of America Corp.

August 7th, 2009 Retrial set for 2 Merrill Lynch execsHOUSTON — Two former Merrill Lynch & Co. executives whose 2004 Enron-related fraud and conspiracy convictions were overturned are set to be retried next year, a federal judge ordered Friday.

August 6th, 2009 Judge doesn't sign off on BofA, SEC settlementNEW YORK — A judge has balked at signing off on a $33 million proposed settlement between the Securities and Exchange Commission and Bank of America Corp. over bonuses.

August 3rd, 2009 WASHINGTON - The Bank of America agreed to pay US regulators a $33-million fine for misleading its investors about billions of dollars in bonuses paid to Merrill Lynch executives when it acquired the investment bank. While seeking stockholder approval of the deal to acquire Merrill Lynch, the Bank of America said that Merrill would not pay year-end bonuses to its executives, the Securities and Exchange Commission said.