Oh, how I wish I could report the judge who said that was one of our own. Maybe someday soon I’ll be able to do just that- but the story of the moment is Rakoff’s back!
It’s a new year, but so far, the same old (sad) song continues to play for Bank of America in the courtroom of Manhattan federal district court Judge Jed Rakoff, who’s overseeing the Securities and Exchange Commission’s suit against the beleaguered bank. On Monday, Rakoff ruled that BofA cannot present expert testimony asserting that media reports should have alerted shareholders to the billions it planned to pay Merrill Lynch executives after the 2008 merger. Continue reading “Even a zealous advocate might perceive that such an argument hints at hypocrisy”