When Andrew Cuomo doesn't get what he wants, he goes to court! Apparently the Attorney General was trying to get former Merrill Lynch CEO John Thain to detail the extravagant bonuses he gave in a deposition—but Thain refused, claiming Bank of America (which took over Merrill) said he couldn't discuss them. So now Cuomo has "filed a motion in New York state court that would force Thain to provide details" and says Thain's refusal "obstructs" the AG's office's investigation. Merrill Lynch distributed $3.6 billion in bonuses—seemingly moving up their bonus schedule—just before announcing a $15 billion loss for the 4th quarter of 2008.
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