Judge has questions on Bank of America's SEC pact

Published Feb. 9, 2010 at 1:10 p.m.
(By Larry Neumeister, Associated Press) A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.

U.S. District Judge Jed Rakoff said he will decide only after giving lawyers on both sides a written list of questions he has and hearing their responses.

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