WASHINGTON — A federal judge in New York Monday said he will not decide until Feb. 19 whether to accept the Securities and Exchange Commission settlement with Bank of America over allegations it misled shareholders and the federal government about its merger with Merrill Lynch.
Judge Jed S. Rakoff, who sits on the U.S. District Court for the Southern District of New York in Manhattan, said he would send the SEC a series of questions on Thursday. Sources said he appeared concerned with the evidence underlying the SEC’s decision to settle the charges with the bank and the evidence behind the New York attorney general’s lawsuit against the bank and its former executives.
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