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A Manhattan judge ruled Wednesday that Bank of America must turn over to New York Attorney General Andrew Cuomo a list of employees who received bonuses paid out by Merrill Lynch on the eve of the financially strained brokerage house's merger with the bank. Cuomo called the decision a "victory for taxpayers" that would "lift the shroud of secrecy surrounding the $3.6 billion in premature bonuses Merrill Lynch rushed out in early December." The bank had claimed the bonus information amounted to a trade secret.
March 19, 2009 at 12:00 AM
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The original version of this story was published on Law.Com
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