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SEC, BANK OF AMERICA DEFEND SETTLEMENT OVER MERRILL LYNCH BONUSES

August 25, 2009

Although their rationales differ, the bank and the agency implore a federal judge to sign off on the $33-million accord. Bank of America Corp. and the Securities and Exchange Commission have become unlikely allies in pressing a federal judge to approve their hoped-for legal settlement over controversial bonuses at Merrill Lynch & Co.



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