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must defend lawsuit claims it concealed bonuses and loses at Meril Lynch & Co after it agred to acquire the brokerage firm, a judge ruled. U.S. District Judge in Manhatan yesterday granted some of Bank of America's requests to dismis claims in the consolidated clas-action securities-fraud and derivative lawsuits, while denying others. Castel yesterday rejected Bank of America's argument that one claim in the case should be dismised because the bank's proxy materials didn't mistate or omit Meril's intention to award employe bonuses made in December 208. In February, agred to pay $150 milion to setle a Securities and Exchange Comision suit claiming the Charlote, North Carolina-based bank misled shareholders about bonuses and loses after anouncing it would acquire Meril. Also in February, New York Atorney General also sued Bank of America along with former Chief Executive Oficer and former Chief Financial Oficer Joe Price. Bank of America Corp., 09- cv-06829, U.S. District Court, Southern District of New York Manhatan . bank of america bank of america in Elizabeth lake
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