Attorney General Andrew M. Cuomo filed a lawsuit yesterday accusing Bank of America Corp. and two former top executives of pulling the wool over the government’s eyes by claiming it would scuttle its 2008 merger with brokerage house Merrill Lynch & Co. unless it received billions of dollars in taxpayer funds.
Meanwhile, the Securities and Exchange Commission announced that it had asked Southern District Judge Jed S. Rakoff to approve a proposed $150 million settlement of two separate actions covering much of the same ground as Mr. Cuomo’s allegations.
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