Mr Cooper Group Inc fka COOP

[Desperado90]

NEW YORK (AP) -- The New York Attorney General's office is preparing charges against several high-ranking Bank of America executives over the bank's alleged failure to disclose details about its acquisition of Merrill Lynch, according to a person familiar with the investigation.

Separately, a federal judge on Monday rejected a $33 million settlement BofA reached with the Securities and Exchange Commission over disclosures tied to bonus payments at Merrill.

BofA agreed to acquire Merrill in a hurried deal a year ago at the height of the credit crisis.


This might get interesting. We are trying to settle but if they play hard ball we might just go for criminal charges.