SEC blames Wachtell, Shearman for not disclosing bank bonuses

The US Securities and Exchange Commission (SEC) is blaming lawyers from Wachtell, Lipton, Rosen & Katz and Shearman & Sterling for Bank of America’s failure to disclose $3.6 billion in executive bonuses it planned to pay to executives at Merrill Lynch.

SEC blames Wachtell, Shearman for not disclosing bank bonuses www10.nytimes.com Wed, Aug 26, 2009