Word: lewises
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Now, it looks likely that probes into statements about the Merrill deal made by Bank of America officials could lead to charges against Lewis. On Sept. 16 New York attorney general Andrew Cuomo issued subpoenas for five Bank of America directors, reportedly including members of the audit committee. Cuomo is...
Bank of America CEO Kenneth Lewis may be in for much more than a trip to the woodshed. Ever since Bank of America completed its deal to buy Merrill Lynch, questions have lingered about whether the chief executive was completely honest with shareholders about the state of Merrill - specifically about...
What could that mean for the CEO? So long as any charges brought are civil and not criminal, there's no risk of jail time. But if Lewis is found to have lied, he won't likely get off with just paying a fine, experts say. He may also lose...
The issue of Lewis' honesty resurfaced this week when a judge in U.S. district court rejected a proposed settlement struck between Bank of America and the Securities and Exchange Commission (SEC) over Merrill bonuses. The SEC and Bank of America had earlier agreed that the bank would pay a $33...
The New Haven police's sole "person of interest" in the Yale murder case—lab technician Ray Clark, 24—was arrested around 8:30 a.m. this morning at a Super 8 Motel in Cromwell, CT, and charged with murder. The police has taken him to the...