Battle Over Bonuses: Govt. Says Bank of America Threatens to Sue Employee Willing to Talk

In 2008, Merrill had losses in excess of $27 billion and was on the verge of collapse. The merger with Bank of America spared Merrill, but between them, the two financial behemoths accepted $45 billion in public bailout funds.

When it was disclosed that 696 Merrill employees had received bonuses of more than $1 million, Cuomo's office sprung into action, launching a probe to determine whether any securities laws were broken.

Click Here for the Investigative Homepage.

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