After several months of stubborn resistance of Bank of America Corp. plans to issue the documents with legal advice on the purchase of the assets of Merrill Lynch Co., the Associated Press reported, citing informed sources.

Sources in the office of the Attorney General of New York told the agency that the BofA board of directors has adopted such a decision. These documents can play a crucial role in the investigation of the Prosecutor General Andrew Cuomo (Andrew Cuomo), which seeks to prove that in the course of this transaction the bank's shareholders were misled.

This is the payment of about $ 3.6 billion in the form of bonuses to staff Merrill Lynch. Attorney General's office and the district judge continues to collect information about hiding information from shareholders before they vote on the approval of the purchase of the assets of Merrill Lynch. Until now, the bank refused to give details of legal aid he received.

recall that BofA agreed to acquire Merrill Lynch in an organized hastily the deal in September 2008, in the midst of a financial crisis at a time when Lehman Brothers was preparing to declare bankruptcy. At a meeting of shareholders of the bank asked shareholders to approve the deal, promising that Merrill Lynch will not pay its employees bonuses at the end of the year without the consent of his leadership.

However, in August 2009 authorized the payment of premiums BofA Merrill employees up to $ 5.8 billion, does not share this information with shareholders. This loss amounted to Merrill in 2008, a record for the bank's $ 27.6 billion were affected shareholders of BofA, which had to pay for the financial support of the state by $ 45 billion, of which $ 20 billion went to compensation for damages Merrill.

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