Bank of America's top lawyer lacked active license

Bank of America, already under investigation for its controversial purchase of failing investment bank Merrill Lynch, is now under fire for a legal technicality involving a high-ranking executive from Wellesley.

It turns out that the executive, Brian T. Moynihan, was not authorized to practice law when he was named the company's top lawyer last December. During that time, Bank of America was reviewing numerous legal issues related to its Merrill purchase and request for billions of dollars more in US taxpayer aid to cover Merrill's losses. Moynihan, who was registered as an inactive attorney in Massachusetts, updated his license to active status in Massachusetts on Dec. 18, eight days after his appointment as general counsel.

Read the whole story on Boston or try our Toolbar
Bookmark and Share
blog comments powered by Disqus

Related stories:

  • bofa's Moynihan Said to Agree to Testify About Merrill Takeover

    Nov 5th, 2009 - Bloomberg

    Nov. 5 (Bloomberg) -- Bank of America Corp.’s BrianMoynihan, listed among contenders to succeed Chief ExecutiveOfficer Kenneth D. Lewis, agreed to testify about his role inthe Merrill Lynch & Co...

  • BNY Mellon's Kelly Says He Doesn't Want Bank of America Post

    Nov 5th, 2009 - Bloomberg

    BNY Mellon's Kelly Says He Doesn't Want Bank of America PostNov. 5 (Bloomberg) -- Bank of New York Mellon Corp.’s chiefexecutive officer, Robert Kelly, told his company’s operatingcommittee that he’s not interested becoming the head of Bank ofAmerica Corp.

  • PENPIX-Possible Lewis replacements at BofA

    Nov 5th, 2009 - Reuters

    CHARLOTTE, N.C., Nov 5 (Reuters) - Bank of America Corp(BAC.N) CEO Ken Lewis' year-end retirement is fast approachingand the bank's search committee is still hunting for asuccessor.

  • Dodgers: Ownership issue far from decided

    Nov 5th, 2009 - Los Angeles Times

    Dodgers: Ownership issue far from decided Jamie McCourt's lawyer said today that he didn't expect arguments about who owns the Dodgers to be heard until sometime next year. Jamie McCourt's request...

  • UN court imposes lawyer on Karadzic

    Nov 5th, 2009 - Al Jazeera English

    UN court imposes lawyer on KaradzicThe UN war crimes tribunal has imposed a lawyer on Radovan Karadzic, the former Bosnian Serb leader, and postponed his trial for four months. The decision comes after the 64-year-old...

More stories ...

Related videos from YouTube:

More videos ...

Google Search: