John Thain wouldn't tell New York Attorney General Andrew Cuomo the names of Merrill executives who got big bonuses. He couldn't because, in the words of his attorney, "Bank of America directed us not to answer, on grounds of confidentiality." Cuomo sued to compel Thain's testimony (People of the State of NY v. Thain, NY Supreme Ct., 0400381/2009) and, Reuters reports, Cuomo won.
Tuesday, February 24, 2009
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