Latest Legal News: Bank of America Settlement, Round Two

A daily look at the legal news and business of law:

B of A Reality Show Round 2: SEC Stands by Its Story, Cuomo Won't Show His Evidence

What does Judge Rakoff think of the Security and Exchange Commission's decision not to prosecute Bank of America (BAC) executives or include punishments against them in its proposed settlement? That depends on which version of events he believes -- the SEC's or New York Attorney General Andrew Cuomo's.