Abstract

http://ssrn.com/abstract=1579397
 


 



Case Study of the Bank of America and Merrill Lynch Merger


Robert J. Rhee


University of Florida - Fredric G. Levin College of Law

March 27, 2010

U of Maryland Legal Studies Research Paper No. 2010-21

Abstract:     
This is a case study of the Bank of America and Merrill Lynch merger. It is based on the article, Fiduciary Exemption for Public Necessity: Shareholder Profit, Public Good, and the Hobson’s Choice during a National Crisis, 17 Geo. Mason L. Rev. 661 (2010). The case study analyzes the controversial events occurring between the merger signing and closing. It reviews in depth the circumstances under the federal government threatened to fire the board and management of Bank of America unless it consummated the Merrill Lynch acquisition. Among other issues, this case study raises the questions: (1) what is the role of a private firm during a public crisis? (2) what are the responsibilities of the board? (3) what is the role of government and how should it treat private firms? This case study can be used in corporate ethics classes in business schools, or business associations classes in law schools.

Number of Pages in PDF File: 27

Keywords: Bank of America, Merrill Lynch, Public Crisis, Financial Crisis, Corporate Social Responsibility, Corporate Ethics, 122(12)

JEL Classification: G1, G18, G2, G24, G28, G3, G38, K00, K2, K20, K22, K23, M1, M14, L21

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Date posted: March 28, 2010 ; Last revised: April 20, 2010

Suggested Citation

Rhee, Robert J., Case Study of the Bank of America and Merrill Lynch Merger (March 27, 2010). U of Maryland Legal Studies Research Paper No. 2010-21. Available at SSRN: http://ssrn.com/abstract=1579397

Contact Information

Robert J. Rhee (Contact Author)
University of Florida - Fredric G. Levin College of Law ( email )
P.O. Box 117625
Gainesville, FL 32611-7625
United States
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