Three Bank of America Corp. officials insisted before a congressional panel Tuesday that the firing of its general counsel last December—in the middle of a giant merger and during the U.S. financial crisis—was just ordinary corporate “downsizing.” Some panel members, though, challenged that characterization by calling their testimony “very curious,” “troubling,” and not believable.
Tuesday marked the first time that Bank of America executives spoke in public about how general counsel Tim Mayopoulos was fired even as the company was struggling to close its merger deal with Merrill Lynch & Co., Inc. Their testimony, as well as Mayopoulos’, came before the House Committee on Oversight and Government Reform.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
