NEW YORK ATTORNEY GENERAL SUES BANK OF AMERICA OVER MERRILL LYNCH MERGER
On February 4, 2010, the New York Attorney General filed a complaint in New York State Suprme Court. The lawsuit alleges that Bank of America (“BOA”) and certain executives violated New York’s Martin Act, the state’s Blue Sky law. The complaint alleges that BOA “intentionally failed to disclose massive losses at Merrill so that shareholders would vote to approve the merger.” The Securities and Exchange Commission has filed a similar action alleging the violation of federal securities laws.
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About Jay Eng
Jay Eng is an attorney at the law firm of Schwed McGinley & Kahle in Palm Beach Gardens, Florida. He is a member of the Florida Bar, the United States Supreme Court, the United States Court of Appeals for the Eighth Circuit and Eleventh Circuit, and the United States District Courts for the Southern District of Florida, Middle District of Florida Northern District of Florida and Eastern District of Wisconsin. He is also member of the Federal Bar Association and Palm Beach County Bar Association. He is a graduate of Tulane Law School and Florida State University. He is author of the Florida Securities Litigation & Arbitration law blog.
Schwed McGinley & Kahle
11376 North Jog Road, Suite 101
Palm Beach Gardens, FL 33418
Telephone: (561) 694-0070
Facsimile: (561) 694-0057
E-Mail: jeng@schwedmcginley.com
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