Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, February 24, 2009

Court Says Thain Can Name Recipients of Merrill Bonuses

A New York State judge ruled that former Merrill Lynch CEO John Thain could identify the Merrill employees who received the largest bonuses last year before the securities firm was acquired by Bank of America.  At a deposition before the NYS Attorney General, Thain said that BoA prohibited him from disclosing the names.  The judge said the names could not be publicly disclosed at this time.  InvNews, Thain cleared to dish on Merrill bonuses.

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