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NEW YORK (CNNMoney.com) — Bank of America and regulators once again urged a federal judge to uphold a $33 million settlement tied to the disclosure of Merrill Lynch bonuses.
In two separate court filings made Wednesday, both the Charlotte, N.C.-based bank and the Securities and Exchange Commission defended the proposed settlement the pair struck in early August.
The settlement followed an SEC investigation into bonus payments made to Merrill executives earlier this year. BofA announced it was buying Merrill on the day that Lehman Brothers collapsed last September. The deal was completed in January.
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Full Story at money.cnn.com
DETROIT (Reuters) — Chrysler Group LLC. has sued Daimler AG, saying the German automaker has failed to honor supply contracts for parts essential for the production of key 2010 Chrysler vehicles.
Chrysler, which emerged from bankruptcy in June under new management led by Fiat SpA, said in the lawsuit filed Friday it would be forced to halt production of several 2010 model year vehicles if it does not get the components.
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