Local Law Blogs

Stark & Stark Shareholder Comments on Reaction From Bank of America & Merrill Lynch Merger

Thomas B. Lewis, Shareholder and member of Stark & Stark's Employment group, was quoted in the January 9, 2009 article, Brokers Disdain Toaster Salesmen in Bank America Deal. Controversy has followed Bank of America's September 15, 2008 acquisition of Merrill Lynch since day one. Initially, disputes arose over whether or not Bank of America would honor Merrill Lynch's employment contracts for the nearly 16,000 brokers affected by the acquisition. Now, two senior Merrill executives have left within days of the acquisition becoming final.

Mr. Lewis discusses the steps Chief Executive Officer, Kenneth Lewis, needs to take going forward in order to keep those brokers he has left, happy. You can read the full article here.

Full post as published by New Jersey Law Blog on January 13, 2009 (boomark / email).