Search for: "Bank of America Corporation"
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24 Jan, 2008 1:56 pm
... of dollars in damages caused by subprime lending and securitization. The defendants named in the lawsuit are: • Deutsche Bank Trust Company
• Ameriquest Mortgage Company • Bank of America Corporation
• The Bear Stearns Companies • Citigroup, Inc. • Countrywide Financial Corp. • Credit Suisse (USA) • Fremont General Corporation • GMAC-RFC •
Goldman Sachs Group • Greenwich Capital Markets, Inc. • HSBC Holdings, PLC • Indymac Bancorp., Inc. • ...
6 May 8:00 am
... into stock. The independent Lead Director, Mr. Sloan, received an additional $30,000. Bank of America also paid a $30,000 retainer to the Chairman of the Audit Committee and a ... total compensation in 2007 of $24,844,040. Mr. Lewis's use of
corporate aircraft accounted for $220,267 of his 2008 total compensation. The board decided ... a cancelled retention agreement following the merger of MBNA and Bank of America. Mr. Hammond's use of corporate aircraft accounted for $18,401 of his total compensation.
18 Nov, 2008 8:16 pm
... any dividends are actually declared for such dividend period), and shall be subject to the approval of the appropriate Federal Banking Agency. Following the redemption in
whole of the Designated Preferred Stock held by the Treasury, the financial institution shall have the ... warrants to the U.S. Treasury ("TARP Purchase Agreement"). In view of the
pending merger agreement with Bank of America Corporation,
Merrill Lynch determined that it will not sell securities to the U.S. Treasury under the TARP ...
12 Oct 7:43 am
... of corporate attorneys everywhere. On August 3, 2009, the SEC filed charges against the Bank of America Corporation for its lack of disclosure to its shareholders about bonuses paid to Merrill Lynch executives in
the merger. [1] ... The judge stated that this settlement was, "a contrivance designed to provide the SEC with the facade of enforcement and the management of the bank with a quick resolution to an embarrassing inquiry - all at the expense of the sole alleged victims, the shareholders." [15 ...
7 Nov 9:21 am
... 1, 2009, Merrill Lynch & Co. Inc. ("Merrill") merged with Bank of America Corporation ("BofA"). [1] At the end of 2008, prior to the close of the merger, Merrill awarded ... contrivance designed to provide the S.E.C. with the facade
of enforcement and the management of the Bank with a quick resolution of an embarrassing inquiry-all at the expense of the sole alleged
victims, the shareholders ... Corp., No. 09 Civ. 06829 (S.D.N.Y. Aug. 3, 2009). (go back) [8] Securities and Exchange Commission v. Bank ...
18 Aug, 2008 5:41 pm
... cross-reference Vault ranking by corporate clients? 1 Wachtell, Lipton, Rosen & Katz Corporate Transactions for Altria; Bank of America; Cardinal Health; Home Depot; Sears Holdings; Walgreen's; Labor Litigation for Citigroup; Travelers;
2 ... intriguing chart is this one, tabulating overall mentions of firms in particular areas. Wachtell is mentioned once, at the bottom of corporate transactions. Cravath doesn't
appear at all. That says a lot about the role of prestige in legal business. Based on ...
25 Jan, 2008 12:38 am
... Paul J. Polking, former executive vice president, general counsel, and member of the Management Operating Committee for Bank of
America Corporation and its predecessor companies, has joined its strategic advisory board. As a
member of H5's advisory board, ... instrumental in enabling its first out-of-state acquisition, which not only triggered 70 additional acquisitions for the bank in the following 20 years, but had significant impact on the financial services industry, leading to the modern day ...
6 Nov, 2007 5:15 am
... , Hoover Institution, Stanford University, who also sits on three other public company boards, Oracle Corporation; Shinsei Bank; Vodafone William W. George (64), Professor of Management Practice, Harvard University, and former CEO ... the board of American Electric Power;
Halliburton; Pfizer; Williams; Deutsche Bank Trust Corporation and Deutsche Bank Trust Company Americas (non-public, wholly owned subsidiaries of Deutsche Bank AG) Reatha Clark King
(69), Former Chairman, Board of Trustees, General ...
27 Mar 8:45 am
... that's got some preemption, some bailout madness, and some consumer abuse all in one. The DOJ is supporting Bank of America in a case related to BofA taking elderly customers' social security and disability benefits to pay overdraft fees. ... and avoid an increase in
bank regulation. He argues that "it is time to open a discussion about whether any corporate funds - whether the company is a recipient
of TARP funding or not - should be used to influence our government. We should be telling them what ...
3 Nov, 2008 3:41 pm
... employee to go to jail in exchange for a promise from prosecutors not to touch the company or high-level executives. For every corporation
convicted of bribery or of giving money directly to a public official in violation of federal law, there are thousands who give ... last ten years or so, it has been taken over by large
corporations. It now gets the majority of its budget from big corporations such as Pfizer, Bank of America, Pharmacia & Upjohn, Kaiser Permanente, Wyeth-Ayerst, and Verizon. ...
29 Jan 2:10 pm
... employee to go to jail in exchange for a promise from prosecutors not to touch the company or high-level executives. For every corporation
convicted of bribery or of giving money directly to a public official in violation of federal law, there are thousands who give ... last ten years or so, it has been taken over by large
corporations. It now gets the majority of its budget from big corporations such as Pfizer, Bank of America, Pharmacia & Upjohn, Kaiser Permanente, Wyeth-Ayerst, and Verizon. ...
2 Oct 6:46 am
... achieve this goal and as part of the larger mix of regulatory reforms. Why It Might Work Shareholders are the participants in corporate America who only get what is left over after customers are served, employees, lenders, vendors, and taxes are ... factor of the financial crisis. Any such
suggestion is as suspect as blaming short sellers for the consequences of the demise of the shadow banking system. The facts bear out otherwise. The short-term focus on stock
price of many public company managers ...
28 Nov, 2007 8:03 am
... overture: report NEW YORK (Reuters) - Citigroup Inc got a call from a prominent investment banker suggesting a merger with Bank of
America Corp as it was dealing with billions of dollars in mortgage-related losses and the departure of Chief Executive Charles Prince ... . Do
we want our oil, our manufacturing, and our banking largely controlled by foreign nations or foreign corporations? It is a form of reverse colonialism. America is becoming the economic colony of Japan, the Middle East, China, and ...
30 Mar, 2006 8:09 pm
[JURIST] Judge Lewis A. Kaplan of the US District Court for the Southern District of New York [official website] has ruled that Bank of
America [corporate website; press release] may proceed with a counterclaim for damages of over $1 billion against bankrupt Italian dairy
giant Parmalat SpA [corporate website; JURIST news archive]. In its counterclaim, Bank of America charges Parmalat and its
10 Aug, 2005 5:48 am
[JURIST] Judge Lewis A. Kaplan of the US District Court for the Southern District of New York [official website] has ruled that Parmalat [corporate website] can proceed with its
lawsuit against Bank of America [corporate website] though he dismissed most of the Italian
dairy company's claims. Kaplan granted Bank of America's motion to dismiss [JURIST report] for 10 of
the 12 claims put forth by
5 Nov, 2007 6:27 am
A team of Edwards Angell Palmer & Dodge LLP lawyers representing Bank of America Corporation recently completed the sale of its commercial insurance brokerage, Banc of America Corporate
Insurance Agency, LLC ("BACIA"), to Hilb Rogal & Hobbs Company ("HRH"). BACIA was one of the 30 largest brokerages in the country and HRH is the 8th largest. The sale involved a
robust auction process run by Banc of America Securities that included a number of the industry's "A" list companies.
6 May, 2008 5:15 am
... also known as SOX 301. One can see some of the effects of these rules when looking at the director compensation table from Bank of
America Corporation's (BAC-NASDAQ) 2008 Proxy Statement. Director Fees Earned or Paid in Cash ($) (1)
2007 ... times, with an attendance rate of seventy-five percent, with the exception of Mr. Bramble. Director Tenure The average tenure of the directors at Bank of America is just over six years, although four directors served on the board for ten years or more, and Ms.
...
1 Dec, 2007 5:15 am
In the case Lemon Bay Partners v. Hammonds, No. 07-0562 (D. Del. Sept. 18, 2007), "longtime" shareholders of MBNA Corporation filed a complaint
against former officers and directors of the company and the company's successor, Bank of America
Corporation, alleging that the Board of Directors "rubber stamped" a merger deal between MBNA and BAC. According to the complaint, the Board
approved this deal despite the ...
5 May, 2008 11:43 pm
... of negative press coverage in the United States. David Vickrey, who used to work on corporate finance transactions at Deutsche Bank
Securiites and Barclays Capital, has written extensively in his blog ... of posts in chronological order (latest on top): Karma and Bad Times for Deutsche Bank in America (April 27, 2008) Greed and Fear: US Subprime Crisis Takes Its ... (April 1, 2008) German Government:
Please Sue Deutsche Bank (March 10, 2008) Deutsche Bank: America's Foreclosure King (January 24, 2008)
14 Mar, 2007 4:09 am
... . Gibbons), pocketed proceeds from unauthorized sales of securities owned by several customers of his employer, appellant Bank of
America Corporation (the Bank). The value of these
misappropriated stocks allegedly exceeded $1.5 million. Mr. Gibbons deposited ... or whether other equitable circumstances should come into play. Thus, under the reasoning of the court,
it is legally possible that the Bank could recover funds from the completely innocent spouse of a thief. The opinion is available in PDF.
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