Article Image

IPFS News Link • Obama Administration

US judge will not sign off on BofA, SEC bonus pact

A week after the Securities and Exchange Commission announced it had settled the matter, Judge Rakoff questioned whether the $33 million agreement with Bank of America was adequate. He refused to approve the deal, saying too many questions remained unanswered, including who knew what and when about the controversial payouts.

2 Comments in Response to

Comment by Lucky Red
Entered on:

 No doubt the judge is pissed because they didn't cut him in on the deal

Comment by Powell Gammill
Entered on:

Reuters:

http://www.reuters.com/article/euRegulatoryNews/idUSN1029274020090810

 



PirateBox.info