New York Sues Bank of America and Merrill Over Merger
(New York Times) — New York State is suing Bank of America and its Merrill Lynch unit over the companies’ merger and Merrill’s subprime mortgage issues. The New York State comptroller,Thomas P. DiNapoli, filed two lawsuits on Thursday in Federal District Court in Manhattan to recover losses suffered by the $132.5 billion state pension fund, which he oversees.
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