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Court Clears $150 Million Settlement Between SEC, Bank of America over Merrill Proxies

March 1, 2010 in Securities Regulation & Law Report · Leave a Comment 

The U.S. District Court for the Southern District of New York Feb. 22 gave its lukewarm approval to a proposed $150 million settlement between the Securities and Exchange Commission and Bank of America Corp. (BAC) over the bank’s allegedly deficient proxies statements for shareholder approval of its acquisition of Merrill Lynch & Co. in late 2008…

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