Let’s hear it for New York federal Judge Jed S. Rakoff who, in presiding over the settlement between the S.E.C. and Bank of America. Judge Rakoff is requiring disclosure of the identity of the individuals who failed to disclose huge bonuses that Merrill Lynch was paying on the verge of merging with BOA.
Corporations act through individuals. If it was wrong for Merrill Lynch to pay the bonuses the individuals responsible for those payments should be held accountable. For more information about Judge Rakoff and this case see http://www.nytimes.com/2009/08/24/business/24judge.html?_r=1&scp=1&sq=%2b"Supreme+Court"&st=nyt
Cumberland School of Law, Cum Laude graduate Peter F. Burns practice areas include business litigation will contests, medical malpractice, legal malpractice, and other matters of complex civil litigation. Mr. Burns is licensed to practice before the United States Supreme Court and is a Certified Alabama Mediator; Board-Certified Civil Trial Advocate, National Board of Trial Advocacy, and a member of national and state Legal associations.