Manhattan federal judge Kevin Castel dismissed claims relating to BofA's decision to keep mum about mounting Merrill losses, but he said investors had adequately established scienter with regard to BofA's failure to disclose a multibillion dollar Merrill bonus pool.
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Onward, BofA Shareholders: Judge Denies Motion to Dismiss Key Claims in Merrill Lynch Merger Disclosure Class Action
August 30, 2010
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