Cuomo: BoA is stalling probe
New York Attorney General Andrew Cuomo last night threatened to file charges accusing top Bank of America executives of failing to disclose essential details about its takeover of Merrill Lynch. Cuomo argued that Bank of America is improperly using the “attorney-client privilege” defence to prevent company officials from being charged in the investigation. A deadline of Monday has been set to drop the so-called “blame the lawyer” defence.