Latest Legal News: In BofA Reality Show, It's Cuomo v. the SEC

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BofA: Who Is Stating the Facts, the Attorney General or the SEC?


Both New York Attorney General Andrew Cuomo and the Securities and Exchange Commission have sued Bank of America (BAC), but the "facts" each lays out in support of its suit differ sharply in legally important ways, as Judge Rakoff noted when discussing the SEC's revised settlement proposal yesterday.