Commentary: With time, SEC's BofA complaint loses urgency:

01/13/2010 | NYTimes.com

The Securities and Exchange Commission appears to be moving toward easing up on its complaint against Bank of America over disclosures during its acquisition of Merrill Lynch, Steven M. Davidoff and Peter J. Henning write in a commentary for The New York Times Deal Book blog. "The more time that passes from the Merrill deal and as Bank of America emerges from the financial crisis, the less important the shareholder disclosure issues become for the Charlotte-based firm. The SEC may be trapped here, but filing another lawsuit doesn't seem worth the cost to the bank's shareholders, the ultimate victims of the faulty proxy disclosures," they write.

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