What did Bank of America's GC and outside lawyers advise CEO Kenneth Lewis in the weeks leading up to its acquisition of Merrill Lynch? Whether or not Lewis, who will step down Dec. 31, took his lawyers' advice is at the heart of hearings before Congress and investigations by the SEC, DOJ and the attorneys general of New York and North Carolina. For one thing, the investigators want to know why Lewis was acting on certain information behind the scenes, while not disclosing that information to shareholders.
Did Bank of America CEO Ken Lewis Listen to His Lawyers?
October 6, 2009