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March 19, 2009

Judge Orders Disclosure of Merrill Lynch Bonuses
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Meanwhile, a New York judge has ordered the disclosure of employee
bonuses paid out at Merrill Lynch just before Bank of America bought out
the firm in a government-backed deal. The ruling came in New York
Attorney General Andrew Cuomo’s attempt to subpoena several top Merrill
Lynch executives who were each paid more than $10 million in cash and
stock. Overall, Merrill Lynch handed out over $3 billion in bonuses just
before the Bank of America deal. For its part, Bank of America has
received $45 billion in government aid.



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