BofA lawsuit centers on secrets at Merrill

BofA lawsuit centers on secrets at Merrill « HousingWire.

Wednesday, October 12th, 2011, 8:40 am

“The Schwab S&P 500 Index investment fund filed a multibillion-dollar lawsuit against Bank of America (BAC: 6.19 -0.48%) and its former CEO Ken Lewis this week, claiming the bank’s former leadership hid losses at Merrill Lynch from shareholders and made material misrepresentations about Merrill before acquiring the investment bank three years ago.”

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Me thinks B of A is in big heaps o’trouble.

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