Monday, March 23, 2009

Cuomo Wins Ruling To Name Merrill Bonus Recipients

Andrew Cuomo, the New York attorney general, won a legal battle on Wednesday to compel Bank of America to provide his office with the names of the Merrill employees with the 200 largest bonuses. (Chip East / Reuters)

From The International Herald Tribune:

Andrew M. Cuomo is starting to unearth some of the most closely guarded secrets on Wall Street: the identities of Merrill Lynch employees who collected large bonuses even as the brokerage firm lost billions.

Mr. Cuomo, the New York attorney general, won a legal battle on Wednesday to compel Bank of America, which bought Merrill in December, to provide his office with the names of the Merrill employees with the 200 largest bonuses. Mr. Cuomo said he would make the names public as early as Thursday.

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