2009年3月19日星期四

NY AG expects Merrill bonus names tonight

NY attorney general expects list of Merrill bonus recipients from Bank of America tonight

* Thursday March 19, 2009, 8:09 pm EDT
NEW YORK (AP) -- New York's attorney general expects to receive the names of Merrill Lynch employees who got millions in bonuses before Bank of America Corp. bought the brokerage.
Alex Detrick, spokesman for New York Attorney General Andrew Cuomo, said Cuomo expected the names Thursday evening.

Cuomo is investigating whether Charlotte, N.C.-based Bank of America and Merrill failed to provide proper disclosures to shareholders about the bonuses, which came just as Bank of America requested more federal aid to help it absorb losses linked to the investment bank.

Bank of America spokesman Scott Silvestri also said he expects the details of the Merrill bonuses will be delivered to Cuomo's office Thursday night.

Earlier Thursday, Cuomo's office also received a list of American International Group Inc. employees who received a total of $165 million in retention bonuses.

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