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Chesapeake Energy v. The Bank of New York Mellon Trust
Rejection of Bank's Effort to Extend Privilege Waiver's Contents, Expiration Is ExplainedWe weren't the only ones disgruntled at the relatively small fine the SEC levied against BofA to settle charges that the bank lied to investors about Merrill Lynch bonuses when BofA acquired Merrill last September. On Monday, Manhattan federal district court judge Jed Rakoff will grill lawyers from the agency and the bank on the details of the proposed settlement--including why it's so small and whether taxpayer money will be used.
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