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Shareholders sue Merrill over BofA deal

NEW YORK
Mon Sep 15, 2008 5:19pm EDT

NEW YORK (Reuters) - Shareholders on Monday filed a lawsuit against Merrill Lynch & Co Inc CEO John Thain and the firm's board of directors over the proposed buyout of Merrill by Bank of America Corp, claiming the terms of the deal are unfair.

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The lawsuit, filed in New York State Supreme Court on behalf of a shareholder identified as Peter Miller and a class of investors, said the proposed sale of Merrill was "wrong, unfair and harmful to Merrill public stockholders."

(Reporting by Grant McCool and Edith Honan; Editing by Gary Hill)
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