{"id":4503,"date":"2010-02-22T14:47:17","date_gmt":"2010-02-22T19:47:17","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=4503"},"modified":"2011-01-20T16:29:49","modified_gmt":"2011-01-20T21:29:49","slug":"bofa-settlement-with-sec-okayed","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/02\/22\/bofa-settlement-with-sec-okayed\/","title":{"rendered":"BofA settlement with SEC okayed"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-4504\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/02\/Bank-of-America-logo1-150x131.jpg\" alt=\"Bank of America logo\" width=\"120\" height=\"105\" \/>A federal judge\u00a0okayed a $150 million Bank of America <a title=\"settlement\" href=\"http:\/\/abcnews.go.com\/Business\/wireStory?id=9908596\" target=\"_blank\">settlement<\/a> with the SEC to end civil charges accusing the nation&#8217;s largest bank with misleading shareholders when it acquired Merrill Lynch.\u00a0 But law Professor <a title=\"Elizabeth Nowicki\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/visiting\/nowicki_e.html\" target=\"_blank\">Elizabeth Nowicki<\/a>, both a former SEC and Wall Street attorney, says it is likely a short-lived &#8220;win&#8221; for BofA because the judge said in his written opinion that the bank failed to adequately disclose facts to its shareholders.<\/p>\n<p><em>&#8220;It will turn out to be a huge loss for BofA given that the lawyers in the other pending lawsuits against it will use\u00a0the judge&#8217;s\u00a0words in the settlement opinion to help guide their litigation.&#8221;<\/em><\/p>\n<p>Contact Elizabeth Nowicki, 617-353-2807, <a href=\"mailto:enowicki@bu.edu\">enowicki@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A federal judge\u00a0okayed a $150 million Bank of America settlement with the SEC to end civil charges accusing the nation&#8217;s largest bank with misleading shareholders when it acquired Merrill Lynch.\u00a0 But law Professor Elizabeth Nowicki, both a former SEC and Wall Street attorney, says it is likely a short-lived &#8220;win&#8221; for BofA because the judge [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[752,753,561,84],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4503"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=4503"}],"version-history":[{"count":6,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4503\/revisions"}],"predecessor-version":[{"id":7875,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4503\/revisions\/7875"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=4503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=4503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=4503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}