BofA wins dismissal of two lawsuits over Merrill

But Rakoff said the plaintiffs in the “derivative” lawsuits failed to show that Bank of America’s board failed to sue former Merrill officials, including onetime Chief Executive Stanley O’Neal, because it was “so involved in the underlying wrongdoing” or acted in bad faith.

Read more: BofA wins dismissal of two lawsuits over Merrill — Westlaw News

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