Merrill Brokers get award - judge vacates objections from BoA

[truedelphi]

This is not good news for Bank of America. Merrill Lynch brokers legally entitled to get their 10 million bucks, for their severance bennies from the firm when it was acquired by BoA. WIth the decision being in favor of the two brokers, other Merrill brokers will be going forward with insisting that BoA pony up.

And of course, BoA is on the hook for the lawsuits as well. Only relief is when the statues of limitations come into play - which could be a full six years from the date of acquisition.

http://www.chicagotribune.com/business/sns-rt-us-merrill-lynch-rulingbre88g1ef-20120917,0,5042785.story