Article: Bank of America's top lawyer lacked active license ; Moynihan updated status eight days after appointment

Bank of America, already under investigation for its controversial purchase of failing investment bank Merrill Lynch, is now under fire for a legal technicality involving a high-ranking executive from Wellesley.

It turns out that the executive, Brian T. Moynihan, was not authorized to practice law when he was named the company's top lawyer last December. During that time, Bank of America was reviewing numerous legal issues related to its Merrill purchase and request for billions of dollars more in US taxpayer aid to cover Merrill's losses. Moynihan, who was registered as an inactive attorney in Massachusetts, updated his license to active status in Massachusetts on Dec. 18, eight days after ...

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