BofA sued for securities fraud

Bank of American logo 2Bank of America (and its then CEO and CFO) is being sued by New York’s attorney general for securities fraud for misleading shareholders and the government about BofA’s merger with Merrill Lynch.  Law Professor Tamar Frankel, an authorities on securities law and legal ethics and author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says this civil court trial should be enlightening.

“The value of the attorney general of New York’s proceedings against Bank of America executives may be in the exposure of the way in which the managers of other people’s money dealt with other people’s money.  We ought to know; they perhaps ought to understand.”

Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu

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