SEC wants jury trial with Bank of America

Written by Zack Smith - email

Charlotte, NC (WBTV) - The Securities and Exchange Commission wants a jury trial in its lawsuit against Bank of America.

At issue is B of A's alleged failure to disclose info about the massive bonuses paid to top Merrill Lynch execs.

So, why does the SEC want a jury trial?  Experts say it's because of the enormous outrage factor.

The case is expected to publicly air the the grievances over one of the most sensitive issues of the financial crisis -- executive pay on Wall Street -- bankers who made a bundle while driving companies into the ground.

The trial is set to begin this Spring.