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CHARLOTTE, N.C. — A New York judge ordered former Merrill Lynch chief executive John Thain to testify about bonuses paid to Merrill employees before the firm was sold to Bank of America.
New York Attorney General Andrew Cuomo filed a motion in the state Supreme Court on Monday asking that Thain be compelled to provide details on the bonuses, which he had declined to give during a deposition Thursday. He said he was instructed not to by BofA.
Thain’s attorney, Andrew Levander, later Monday said the motion was granted and that Thain will answer the questions today. Levander said Thain has been cooperating.
The Associated Press
