For the second time this week, the government filed civil charges against a major player in the global economic crisis only to simultaneously announce the charges had been settled.

The first time, federal regulators announced that Bank of America agreed to pay $33 million to settle allegations that it failed to properly disclose plans to pay millions in bonuses to Merrill Lynch employees. A federal judge refused to approve that settlement on Wednesday, saying it may not be fair to the public, according to Reuters.

This content has been archived.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

Why am I seeing this?

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]