Thursday, September 01, 2011

NY Attorney General Deposed 53 in Bank of America Case Over Merrill


The New York Attorney General’s office has taken testimony from 53 witnesses in its investigation into Bank of America Corp.’s 2008 acquisition of Merrill Lynch & Co., a federal judge said.

U.S. District Judge Kevin Castel in Manhattan said in an order today that “there have been 53 examinations under oath by the NYAG” in its investigation. The witnesses weren’t identified in the order, which involved evidence gathering in the case.

Castel, who is overseeing separate shareholder litigation over the Merrill Lynch deal, said the depositions overlap with information sought by both sides in the litigation in his court.

The attorney general’s office, under Andrew Cuomo, now New York’s governor, sued Bank of America, former Chief Executive Officer Kenneth Lewis and former Chief Financial Officer Joseph Price in February 2010. In November, Eric Schneiderman replaced Cuomo as attorney general.

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