BUSINESS
09/10/2009 05:12 am ET | Updated May 25, 2011

BofA And Merrill Lynch "Lied To Their Shareholders," Judge Says

Reigniting a major controversy over Wall Street pay, a federal judge on Monday sharply criticized the bonuses that Merrill Lynch hurriedly paid out before it was acquired by Bank of America last year and pointedly questioned a federal settlement that had seemed to put the issue to rest.

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