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...Joseph Price and Neil Cotty were also named as defendants. Mr Price, former chief financial officer, runs BofA’s retail banking business....
...BofA will look outside the company to replace Mr Price as chief financial officer, with Neil Cotty serving as finance chief starting on February 1....
...Now, it has emerged that a significant portion of writedowns on Merrill’s assets were made with the participation of Neil Cotty, chief accounting officer of Bank of America, who was dispatched to Merrill...
...People familiar with the matter said BofA had dispatched Neil Cotty, its chief accounting officer, during the fourth quarter to work with Merrill’s finance team....
...BofA’s chief accounting officer Neil Cotty was influential in determining Q4 writedowns for complex debt instruments and leveraged loans among other assets at Merrill....
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