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Loan Modification

: Mortgage Lender Implode-o-Meter

BofA Fired Top Lawyer to Retain Moynihan, SEC Says

By Implode-Explode Heavy Industries

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"The SEC responded in a court filing today to questions posed by U.S. District Judge Jed Rakoff as he weighs whether to accept a proposed $150 million settlement of an SEC lawsuit against the bank. One of the eight questions concerned whether Timothy Mayopoulos was fired in retaliation for requesting broader disclosure by the bank before its acquisition of Merrill Lynch & Co."

Full post as published by Mortgage Lender Implode-o-Meter on February 17, 2010 (boomark / email).

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